Table 17.2 $\begin{array}{|c|c|}
\hline \text { Year } & \text { Real GDP } \
\hline 1 & \$ 400 \text { million } \
\hline 2 & \$ 425 \text { million } \
\hline
\end{array}$

Refer to Table 17.2.From year 1 to year 2,real GDP grew at a rate of
A)6.25 percent.
B)25 percent.
C)1.5 percent.
D)5.9 percent.

Question

Table 17.2 $\begin{array}{|c|c|}
\hline \text { Year } & \text { Real GDP } \
\hline 1 & \$ 400 \text { million } \
\hline 2 & \$ 425 \text { million } \
\hline
\end{array}$

Refer to Table 17.2.From year 1 to year 2,real GDP grew at a rate of
A)6.25 percent.
B)25 percent.
C)1.5 percent.
D)5.9 percent.

Quizplus · Accepted Answer

The growth rate of real GDP from year 1 to year 2 is calculated as $\frac{\$425 million - \$400 million}{\$400 million} \times 100 = 6.25\%$.

Table 172 Refer to Table 17