ECON1045 Assessment 1: Online Test 1: 3 Feb 7 Feb (23:59 Singapore Time) Covers classes/Modules 1 3

A country reported nominal GDP of $220 in 2019 and $200 in 2018; it reported a GDP deflator of 120 in 2019 and 115 in 2018. Calculate the growth rate of real GDP over the period. Provide answer to 2 d...