Question
Suppose that nominal GDP was $9500000.00in 2005 inFairfax County Suppose that nominal GDP was $9500000.00in 2005 in Fairfax County Virginia. In 2015, nominal GDP was
Suppose that nominal GDP was $9500000.00in 2005 inFairfax County Suppose that nominal GDP was $9500000.00in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11500000.00inFairfax County Virginia. The price level rose2.00% between 2005 and 2015, and population growth was4.00%. Calculate the following figures forFairfax County Virginiabetween 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was %.
Part 2(1pt)
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b. Economic growth was %.
Part 3(1pt)
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c. Inflation was %.
Part 4(1pt)
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d. Real GDP growth was %.
Part 5(1pt)
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e. Per capita GDP growth was %.
Part 6(1pt)
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f. Real per capita GDP growth was %.
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