Question
Calculate the rate of real economic growth from 1993 to 1995. Show all of your calculations in the space provided. Your answers must also display
Calculate the rate of real economic growth from 1993 to 1995. Show all of your calculations in the space provided. Your answers must also display the correct and exact units of measurement. Round answers to three significant places; see the Math Review for an example.
| Year | Nominal GDP ($'s billions) | GDP deflator (1992 = 100) | Yield, 30 yr. Bond (per cent, nominal) | Employed Workers (in millions) | Unemployed Workers (in millions) |
|---|---|---|---|---|---|
| 1992 | 4,100 | 100 | 7.4 | 205.0 | 16.0 |
| 1993 | 4,420 | 104 | 6.2 | 215.0 | 15.8 |
| 1994 | 4,860 | 108 | 6.1 | 225.0 | 15.0 |
| 1995 | 5,500 | 110 | 4.9 | 230.0 | 14.5 |
| 1996 | 6,300 | 120 | 11.6 | 240.0 | 10.0 |
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China Under Mao A Revolution Derailed
Authors: Andrew G Walder
1st Edition
0674975499, 9780674975491
