onomics - Sections (21837/24444)7/(21256/27258)- Falli8- KE > Activities and Due

Question

onomics - Sections (21837/24444)7/(21256/27258)- Falli8- KE > Activities and Due Dates> CPI: Tracking the M Assignment Score: 642/800 Ka Expand | Resources | CxGive up? | Hint Check Answer Question 5 of 8 Calculate nominal GDP in Britannica for each of the three years. Round answers to two places after the decimal point when applicable. 2012 nominal GDP: 10030 2013 nominal GDP: $ 11792 2014 nominal GDP: S 14191 Calculate the percentage change in nominal GDP for 2012-2013 and 2013-2014. Round answers to two places after the decimal point when applicable. 2012-2013: 11% 2013-2014:

Explanation / Answer

As per the values of nominal GDP provided :

1) The % change in nominal GDP from 2012 to 2013 = [ (11792 - 10030 ) / 10030 ] * 100 = 17.57 %

2) The % change in nominal GDP from 2013 to 2014 = [ (14191 - 11792 ) / 11792 ] * 100 = 20.34 %

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