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If nominal gdp for 2009 is $6400 billion and nominal gdp for 2010 is $6720 billion, then the growth rate of real gdp is:_________
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If nominal gdp for 2009 is $6400 billion and nominal gdp for 2010 is $6720 billion, then the growth rate of real gdp is:_________

User Dimitri Vorontzov
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1 Answer

17 votes
17 votes

Answer:

The growth rate of real GDP= Yt-Yt-1/Yt-1 x 100

6720-6400/6720 x 100

= 476.19%

User Arun Tyagi
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