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HSC Economics Revision Quiz Real GDP

HSC Economics Revision Quiz Real GDP. Start. Q. An economy has nominal GDP of 200 in Year 1, and 250 in Year 2. CPI was 100 in Year 1 and 115 in Year 2. What is real GDP Year 2?. A. 250. B. 240. C. 217. D. 227. A.

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HSC Economics Revision Quiz Real GDP

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  1. HSC Economics Revision Quiz Real GDP Start

  2. Q An economy has nominal GDP of 200 in Year 1, and 250 in Year 2. CPI was 100 in Year 1 and 115 in Year 2. What is real GDP Year 2? A 250 B 240 C 217 D 227

  3. A An economy has nominal GDP of 200 in Year 1, and 250 in Year 2. CPI was 100 in Year 1 and 115 in Year 2. What is real GDP Year 2? C 217 Next question Inflation = (115 – 100)/ 100 = 15% Real GDP = 250 / (1.15)

  4. Incorrect. Try again

  5. Q An economy has the following information. 2010 2011 Nominal GDP 400 480 Real GDP in 2011 was 440. What was the inflation rate in 2010/2011? A 5% B 6% C 9% D 10%

  6. A An economy has the following information. 2010 2011 Nominal GDP 400 480 Real GDP in 2011 was 440. What was the inflation rate in 2010/2011? C 9% Next question Inflation = (480 / 400) – 1

  7. Incorrect. Try again

  8. Q An economy has the following information. 2010 2011 Nominal GDP 400 480 Real GDP 410 CPI 100 ? What was the CPI in 2011? A 115 B 117 C 120 D 121

  9. A An economy has the following information. 2010 2011 Nominal GDP 400 480 Real GDP 410 CPI 100 ? What was the CPI in 2011? B 117 Finish Inflation = (480 / 410) – 1 = 17% CPI = 100 x (1.17) = 117

  10. Incorrect. Try again

  11. HSC Economics Revision Quiz Real GDP Restart

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