In 2016 a nations population was 10 million its nominal gdp


In 2016, a nation's population was 10 million. Its nominal GDP was $40 billion, and its price index was 100. In 2017, its population had increased to 12 million, its nominal GDP had risen to $57.6 billion, and its price index had increased to 120. What was the nation's economic growth rate during the year?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: In 2016 a nations population was 10 million its nominal gdp
Reference No:- TGS01145683

Expected delivery within 24 Hours