Question
Calculate the annual growth rate of nominal GDP between 2019 and 2020, then again between 2020 and 2021: 2019: $21.3 trillion 2020: $20.9 trillion 2021:
Calculate the annual growth rate of nominal GDP between 2019 and 2020, then again between 2020 and 2021:
2019: $21.3 trillion
2020: $20.9 trillion
2021: $23.0 trillion
Group of answer choices
-1.9% and 10%
20.3% and 19.8%
-0.02% and 0.09%
0.02% and 0.09%
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
