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3 years ago

The growth rate of nominal gdp between 1998 9063 and 2018 20501 was

Mathematics

1 answer:

Alex73 [517]3 years ago

8 0

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.

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