Consider the XYZ is a growing economy, Nominal GDP increases from 120 billion USD to 145...

 

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Consider the XYZ is a growing economy, Nominal GDP increases from 120 billion USD to 145 USD during 2015- 2020, Assume that the growth rate of GDP deflator index is zero. Under this condition, the options are listed in the box below- A. Real GOP is higher than Nominal GDP B. The average Real GDP growth is approximately to 4 percent C.The average Nominal GDP growth is approximately to 4 percent D. Inflation rate always be constant during this time interval E. Average inflation rate is more than 5 percent. Select the options (one or more than ones) that will be matched with the given information, and explain your answer. Consider the XYZ is a growing economy, Nominal GDP increases from 120 billion USD to 145 USD during 2015- 2020, Assume that the growth rate of GDP deflator index is zero. Under this condition, the options are listed in the box below- A. Real GOP is higher than Nominal GDP B. The average Real GDP growth is approximately to 4 percent C.The average Nominal GDP growth is approximately to 4 percent D. Inflation rate always be constant during this time interval E. Average inflation rate is more than 5 percent. Select the options (one or more than ones) that will be matched with the given information, and explain your answer.

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Answer C The average Nominal GDP growth is approximately to 4 percent ... View the full answer