please help o d economic growth Question 8 Not yet answered

please help

o d. economic growth Question 8 Not yet answered Points out of 1 P Flag question GDP growth on a year-to-year basis is called Select one: o a. real growth o b. long-term growth c. nominal growth. d. short-term growth. Question 9 Not yet answered Points out of1 Flag question

Solution

GDP growth on year to year basis is short-term growth. However, if we compute the growth rate for a larger period of time, then it will be called as the long-term growth. GDP growth can be calculated on the basis of nominal and real values. The corresponding growth rates will be nominal and real growth rate respectively. Thus (d).