Q9. Consider the following data:

Financial year

2011-12

Financial year

2012-13

Financial year

2013-14

Nominal GDP

($m)

1,497,363

1,535,295

1,583,159

Nominal GDP per capita ($)

65,742

66,817

67,606

CPI

101.64

102.63

104.98

Nominal average weekly wages ($)

1,062.68

1,081.59

1,119.39

a.What was the rate of growth in output of good and services from 2012-13 to 2013-14? (answer in percentage points, to two decimal places.)

b.Show your working for the calculations of part a.

C19. Consider the following data: Financial year Financial year Financial year 201112 201213 201314 Nominal GDP 1,497,353 1,535,295 1,583,159 [Sml Nominal GDP per 65,742 66,817 67,606 capita (S) CPI 101.64 102.63 104.98 Nominal average 1,062.58 1,081.59 1,119.39 weekly wages (S) a. What was the rate of growth in output of good and services from 201213 to 2013 14? b. Show your working for the calculations of part a