Question
Please tell me if my answers are correct! (Please read this as a chart) mill- millions and trill- trillions year Pop (mill). Workers (mill). GDP
Please tell me if my answers are correct! (Please read this as a chart) mill- millions and trill- trillions
year Pop (mill). Workers (mill). GDP Deflator Nominal GDP(trill)
2020. 300. 150. 115 23
2060. 400. 200. 210. 210
2080. 350. 225. 240. 280
CPI: 2020- 260. 2060- 520. 2080- 640
1) what is the average annual inflation rate for consumers from 2020 to 2060?
a) less than 1%
b) between 1% and 1.5%
c) between 1.5% and 2.0%
d) between 2.0% and 2.5%
e) more than 2.5%
2) what is the average rate of economic growth from 2020 to 2060?
a) less than 1%
b) between 1% and 1.5%
c) between 1.5% and 2.0%
d) between 2.0% and 2.5%
e) more than 2.5%
3) what is the average rate of inflation for the economy from 2020 to 2080?
a) less than 1%
b) between 1% and 1.5%
c) between 1.5% and 2.0%
d) between 2.0% and 2.5%
e) more than 2.5%
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