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Suppose that nominal GDP was $9500000.00in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11250000.00in Fairfax County Virginia. The price level rose 3.00%
Suppose that nominal GDP was $9500000.00in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11250000.00in Fairfax County Virginia. The price level rose 3.00% between 2005 and 2015, and population growth was 4.25%. Calculate the following figures for Fairfax County Virginiabetween 2005 and 2015. Give all answers to two decimals.
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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