In South Africa, the nominal GDP increased from $885 billion in 2017 to $892 billion in...

 

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In South Africa, the nominal GDP increased from $885 billion in 2017 to $892 billion in 2018 and the CPI went from 108.2 to 109.5 during the same years. Given this information, A. Nominal GDP growth 2018 = %. B. Inflation rate 2018 = C. Real GDP 2017 = $ D. Real GDP 2018 = $ E. Real GDP growth 2018 = %. billion. billion. %. In South Africa, the nominal GDP increased from $885 billion in 2017 to $892 billion in 2018 and the CPI went from 108.2 to 109.5 during the same years. Given this information, A. Nominal GDP growth 2018 = %. B. Inflation rate 2018 = C. Real GDP 2017 = $ D. Real GDP 2018 = $ E. Real GDP growth 2018 = %. billion. billion. %.

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a To calculate the nominal GDP growth for 2018 we can use the formula Nominal GDP ... View the full answer