Suppose the country of altaria only produces one good, pink tutus. last year, nominal gdp was $50,000 and this year it is $200,000. what can we definitively conclude?
Let R------------------> nominal gdp last year---------- > $50,000 S------------------> nominal gdp this year---------- > $200,000 T------------------ > economic growth rate
we know T=[(S-R)/R]*100 therefore T=[(200000-50000)/50000]*100=300% T=300%
that means that the GDP increased [300-100]=200%
therefore the answer is the option A) Output in Antaria quadrupled
