ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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100%
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10%
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200%
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25%
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Detailed explanation-1: -WIESBADEN – The economic situation in Germany was characterised by solid and steady growth in 2015. According to first calculations of the Federal Statistical Office, the price-adjusted gross domestic product (GDP) rose 1.7% on an annual average in 2015 on the previous year.
Detailed explanation-2: -During 2014 (that is, measured from the fourth quarter of 2013 to the fourth quarter of 2014), real GDP increased 2.5 percent, compared with an increase of 3.1 percent during 2013.
Detailed explanation-3: -Dividing $18.7T by $18.2T gives you 1.027. In other words, the nominal GDP in 2016 is 102.7 percent of what it was in 2015. That’s a growth rate of 2.7 percent.
Detailed explanation-4: -The price index for gross domestic purchases increased 0.3 percent in 2015, compared with an increase of 1.5 percent in 2014. Current-dollar GDP increased 3.4 percent, or $589.8 billion, in 2015 to a level of $17, 937.8 billion, compared with an increase of 4.1 percent, or $684.9 billion, in 2014.