Suppose that nominal GDP was $9250000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11000000.00 in Fairfax County Virginia. The price level rose 1.00% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Fairfax County Virginia between 2005 and 2015. Give all answers to two decimals.

a. Nominal GDP growth was %.

b. Economic growth was %.

c. Inflation was %.

d. Real GDP growth was %.

e. Per capita GDP growth was %.

f. Real per capita GDP growth was %.

Answer rating: 100% (QA)

a Nominal GDP growth Nominal GDP in 2015 Nominal GDP in 2005 11000000 9250000 1750000 Nominal GDP gr... View the full answer