If the nominal rate of growth is 17% and inflation is 9% for the five years. Let P be the Gross domestic Product (GDP) amount at the present year…
CA Foundation · Quantitative Aptitude · MTP · September 2024
If the nominal rate of growth is 17% and inflation is 9% for the five years. Let P be the Gross domestic Product (GDP) amount at the present year then the projected real GDP after 6 years is:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 1.587 P
Topics: Part-A: Business Mathematics
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