Mathematics for FinanceMTP Sep 24Question 1589 of 422
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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

Options

A$1.587P$
B$1.921P$
C$1.403P$
D$2.51P$
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Correct Answer

Option a$1.587P$

All Options:

  • A$1.587P$
  • B$1.921P$
  • C$1.403P$
  • D$2.51P$

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