Answer all of these questions with the right question number next to the correct choice.

1-In year 200 AD Parthia had a real GDP of 4.26 billion tetradrachms and the following year it had a real GDP of 4.46 billion tetradrachms. What was Parthia's rate of change in real GDP?

2-Last year's nominal GDP was $6 million. If this year's real GDP in terms of last year's dollars is also $6 million, but this year's nominal GDP is $9 million, what is this year's price level?

Group of answer choices

1.5%

150%

66.67%

50%

3-Last year Millonia had a real GDP of $12.5 billion and this year it had a real GDP of $13.1 billion. What is Millonia's rate of change in real GDP?

Group of answer choices

0.6%

4.8%

4.58%

0.04%

4-A 1-year T-bill offers a rate of 4.7%. If expected inflation over the next year is 2.3%, what is the expected real interest rate on the T-bill?

Group of answer choices

0.02%

2.4%

7%

0.07%

5-Thanks to your stellar performance on the job, your supervisor awards you a bonus of $1,000. However, things are tight for the company because of recent restructuring, so your supervisor informs you that you may get a bonus of $4,500 next year if you forego your bonus this year. If you accept this offer, what is your rate of time preference?

Group of answer choices

4.5%

3.5%

450%

350%

6-Nominal GDP at the end of 2003 was $12.285 trillion while the price index was 117 in terms of 1996 dollars. What was real GDP measured in equivalent 1996 dollars?

Group of answer choices

$0.11 trillion

$1,050 trillion

$9.52 trillion

$10.5 trillion