The growth rate of nominal GDP was 6.4%, and the growth rate of real GDP was 1.9%
Question:
The growth rate of nominal GDP was 6.4%, and the growth rate of real GDP was 1.9% for Iceland in 2019.
Approximately what was the percentage change in prices?
Learning Objective 9.5 Scale large numbers into something more manageable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Macroeconomics
ISBN: 9781982166649
1st Canadian Edition
Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan
Question Posted: