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Assume that the year 2012 is the base year in the country of Hartfodia. The nominal GDP in the year 2012 is $500,000. Now assume

Assume that the year 2012 is the base year in the country of Hartfodia. The nominal GDP in the year 2012 is $500,000. Now assume that in the year 2014, the nominal GDP of Hartfordia is $475,000 and the GDP deflator is 80. How much economic growth has Hartfordia experienced between 2012 and 2014? 20% 18.75% -18.75% -20%

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