Question:

7. What is the nominal GDP growth rate (percentage change in nominal GDP) from 2017 to 2018? ...

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Below are some data from the land of milk and honey: Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2016 $1 100 quarts $2 50 quarts 2017 200 2 100 2018 2 200 4 100Question 7 10 pts What is the nominal GDP growth rate (percentage change in nominal GDP) from 2017 to 2018? O 25% 150% C 100% C 50%