Test – National Income Accounting – Test

The annual growth rate in real GDP over this five-year period was approximately: A) 1.5 percent. B) 2.7 percent. C) 4.7 percent. D) 12.1 percent. 17. If average nominal income was about $15,000 and the price level index was 118, then average real income would be about: A) $11,146. B) $12,712. C) $13,385. ... ................
................