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Part 1 (1 point) See Hint Suppose that nominal GDP was $9500000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $12000000.00 in
Part 1 (1 point) See Hint Suppose that nominal GDP was $9500000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $12000000.00 in Fairfax County Virginia. The price level rose 1.50% between 2005 and 2015, and population growth was 4.50%. Calculate the following figures for Fairfax County Virginia between 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was %. Part 2 (1 point) See Hint b. Economic growth was Part 3 (1 point) See Hint c. Inflation was Part 4 (1 point) See Hint d. Real GDP growth was Part 5 (1 point) See Hint e. Per capita GDP growth was Part 6 (1 point) See Hint f. Real per capita GDP growth was %. %. %. %. %
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