By how much did real gdp increase

Assignment Help Business Economics

Reference no: EM13833943

Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?

Instructions: Round your answer to two decimal places.

Reference no: EM13833943

Questions Cloud

What are the cross-cultural communication issues : What are the cross-cultural communication issues that could result from differences in the social, political, and legal structures and hierarchies between the foreign country and the United States?

Market expansion of home defibrillators : What are social, political, and legal structures and hierarchies of Taiwan that are relevant to market expansion of Home defibrillators? How do they compare to those of the United States?

Net foreign investment income-russias current account equals : Russia imports 5 billion Rubles of goods and exports 7 billion rubles of goods. At the same time, Russia imports 4 billion rubles of services, and Russia makes a 2 billion Ruble net unilateral transfer to Albania. Net Foreign Investment Income. Russi..

Has the game dominant strategy equilibrium : One family of social dilemmas arises where a group of people are involved in some task that depends on the efforts of each of them. The strategy choices are work or shirk. In an effort dilemma, one persons shrinking places the burden of increased eff..

By how much did real gdp increase : Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?

Debt limit law according to which government debt : Suppose the US has a Debt Limit Law according to which government debt cannot be higher than $120 million. What are the options for Obama?

Determine the kinds of change-management skills : Anticipate how you expect these trends to affect your selected organization. Determine the kinds of change-management skills and tools that may be required to address the trends

Cost minimization for level of production is equivalent : Cost minimization for a given level of production is equivalent or identical to the concept of product maximization for a given cost level.

Ricardian equivalence implies : Ricardian equivalence implies

User Account

All Pages