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Terana's nominal GDP rose from $400 billion in 2016 to $430 billion in 2017. During the same period, the inflation rate was 4%. Round your

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Terana's nominal GDP rose from $400 billion in 2016 to $430 billion in 2017. During the same period, the inflation rate was 4%. Round your answers below to one decimal place. a. By what percentage did nominal GDP increase between 2016 and 2017? Nominal GDP increased by 75 % between 2016 and 2017. b. By what percentage did real GDP increase between 2016 and 2017? Real GDP increased by 337 % between 2016 and 2017

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