Question

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?

Answer 1

the complete question in the attached figure

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