Macroeconomic data
Consider the most recent macroeconomic data for the US economy provided in the Table below to answer the Qs from 1to 4.
Year | Nominal GDP | Real GDP | RGDP Growth Rate | GDPD | Inflation Rate |
2016 | 18,715.00 | 17,688.90 | – | ? | – |
2017 | 19,519.40 | 18,108.10 | ? | ? | ? |
2018 | 20,580.20 | 18,638.20 | ? | ? | ? |
Question 1: RGDP Growth Rate for year 2017 and 2018 are respectively:
Hint: You calculate the numbers considering the previous year value by using growth rate equation you have practiced.
1.64% and 2.37%
2.37% and 2.93%
1.25% and 2.5%
1.81% and 2.75%