Question
Suppose that nominal GDP was $10000000.00in 2005 inMidland County Texas. In 2015, nominal GDP was $11000000.00inMidland County Texas. The price level rose1.00% between 2005 and
Suppose that nominal GDP was $10000000.00in 2005 inMidland County Texas. In 2015, nominal GDP was $11000000.00inMidland County Texas. The price level rose1.00% between 2005 and 2015, and population growth was3.25%. Calculate the following figures forMidland County Texasbetween 2005 and 2015.
a. Nominal GDP growth was%.
b. Economic growth was%.
c. Inflation was%.
d. Real GDP growth was%.
e. Per capita GDP growth was%.
f. Real per capita GDP growth was%.
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
