Calculate the growth rate of nominal GDP between 2002 and 2020. You may use the formula 100 x
3:19 LTE * Exam 1 205 spring 21 revised.docx ECO 205 Spring 2021 Please show and explain your work 1. (20 points) GDP Nominal GDP Deflator Year (trillions 5) (base year 2005) 2020 $15 2002 $10 92 a. Calculate the growth rate of nominal GDP between 2002 and 2020. You may use the formula 100 … Read more