Question

The growth rate of nominal gdp between 1998 9063
and 2018 20501 was

Answer 1

The nominal GDP growth rate between 1998 and 2018 was 126.20 percent.

Explanation:

Given that in 1998 the country's GDP was $ 9,063 and in 2018 it was $ 20,501, to determine the nominal growth rate of the nation's GDP, the following calculation must be made:

9,063 = 100

20,501 = X

((20,501 x 100) / 9,063) = X

2,050,100 / 9,063 = X

226.20 = X

226.20 - 100 = 126.20

Therefore, the nominal GDP growth rate between 1998 and 2018 was 126.20 percent.