Economic Data in Jamaica GDP Growth Problem Set 2 Questions

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1. please answer the following questions in the picture that is attached below.

2. be organized please and specific

3. <<<<<NO PLAGIARISM>>>>>

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What is the GDP growth rate from 2016 to 2017?

Economic Data in Jamaica GDP Growth Problem Set 2 Questions
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tutoraxel
School: University of Virginia

Hi, please fond the answer attached

Surname 1
Your name
Professor’s name
Course
Date
Problem set 2
Answers
GDP deflator

2015
2016

Nominal GDP
(in billions USD)
$14.19
$14.06

96.53
100

Real GDP
(in billions USD)
$14.70
$14.06

2017

$15.57

105.42

$14.77

a) GDP deflator = Nominal GDP/Real GDP
b) GDP growth rate from 2015 to 2017 is:
Growth rate = (GDP2- GDP1)/GDP1 *100%...

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