Question: Please answer this 2 question. Question 10 2.5 pts Nominal GDP of country B grows from $32 billion to $36 billion between 2016 and 2017.

Please answer this 2 question. Question 10 2.5 pts Nominal GDP

Please answer this 2 question.

Question 10 2.5 pts Nominal GDP of country B grows from $32 billion to $36 billion between 2016 and 2017. Suppose ination rate is 3% and population growth rate is 1.5%. Calculate the economic growth rate between 2016 and 2017. Answer: The economic growth rate = ________ 96 Question 11 2.5 pts Suppose real GDP per capita doubles in 5 years. Annual population growth rate = 2%. Annual ination rate = 1.5%. Calculate the approximate annual growth rate of nominal GDP. (Round your answer to the nearest 1 decimal place] Answer: Annual growth rate of nominal GDP = _%

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