2nd attempt You have been approached by the Central Intelligence Agency to help

Question

2nd attempt You have been approached by the Central Intelligence Agency to help t of their annual CIA Factbook. They have given you data for the percentage change in price levels and the percentage change in nominal hem calculate real GDP rates for a variety of countries as part GDP from one year to the next. They are,however, provide the percentage change in real G at a loss to determine the percentage change in real GDP. For the data tables below DP (to one decimal point). Country Percentage change in price Percentage change in Percentage change in real GDP nominal GDP Iran Norway Peru Nigeria 4% 6.9% 3% 11.5% 2% 10.6% 7.1% 10% 1st attempt 0 VIEW SOLUTION SUBMIT ANSWER 6 OF 20 QUESTIONS COMPLETED

Explanation / Answer

Percentage change in real gdp =

% change in nominal gdp - % change in price

Iran= 2-4= -2%

Norway= 10.6-6.9= 3.7%

Peru= 7.1-3= 4.1%

Nigeria= 10-11.5= -1.5%

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