Answer:
The climate is perfect for agriculture
Explanation:
Georgia has a typically warm climate with vast amount of fertile soils. On top of that , Rainfalls occur fairly often in this region.
The combination of all these factors make Georgia became a very suitable place to grow various types of products with high success rates of harvest. This sector contributed to a lot of Georgia's income and economic development.
GDP is the total sum of the wealth produced in a country over a given period of time, usually one year. Nominal GDP is GDP at current prices, while nominal GDP is deflated GDP, ie, discounted inflation. Thus, if the inflation rate is 5% = 0.05, we have to use the formula for the real GDP calculation:
Real GDP 2018 = Nominal GDP / 1+ inflation rate
Real GDP = 315 / 1.05 = $ 300 (in billions).
To calculate the GDP growth rate between 2017 and 2018, just narrow the difference between real GDP for both years and divide by the value of real GDP for 2017. The result must be multiplied by 100 to find the percentage value.
GDP growth rate = {(300 - 273) / 273} * 100 = 9.89%
I believe this might be the answer
Hope it help
