Suppose that nominal GDP increased in Econland from $10 Billion to $12 Billion (what is that percentage change? You will need to figure that out to answer the rest of the question!)
The inflation rate in Econland during this time was 5%
What happened to Real GDP Growth in Econland? (give the BEST answer)
Group of answer choices
A. It grew by 50%
B. It grew by 25%
C. It grew by 2%
D. It grew by 15%
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Home » Business » Suppose that nominal GDP increased in Econland from $10 Billion to $12 Billion (what is that percentage change? You will need to figure that out to answer the rest of the question!