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In 2021, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2022, its population had
- In 2021, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2022, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. What was this nation's economic growth rate during the year?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
