Answer:
The nominal GDP growth rate between 1998 and 2018 was 126.20 percent.
Step-by-step explanation:
Given that in 1998 the country's GDP was $ 9,063 and in 2018 it was $ 20,501, to determine the nominal growth rate of the nation's GDP, the following calculation must be made:
9,063 = 100
20,501 = X
((20,501 x 100) / 9,063) = X
2,050,100 / 9,063 = X
226.20 = X
226.20 - 100 = 126.20
Therefore, the nominal GDP growth rate between 1998 and 2018 was 126.20 percent.
