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Assume that the year 2000 is the base year in the country of Macroeconomia. The nominal GDP in the year 2000 is $300,000. Now assume

Assume that the year 2000 is the base year in the country of Macroeconomia. The nominal GDP in the year 2000 is $300,000. Now assume that in the year 2012, the nominal GDP of Macroeconomia is $400,000 and the GDP deflator is 125. How much economic growth has Macroeconomia experienced between 2000 and 2012? 6.67% 20% 25% 16.67%

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