A country has a 2008 growth rate of 4.2% and a 2007 GDP of $8,222 (in billions). What was the GDP in 2008?
A) $7,876
B) $8,355
C) $8,567
D) $8,635

Name: A country has a 2008 growth rate of 4.2% and a 2007 GDP of $8,222 (in billions). What was the GDP in 2008? A) $7,876 B) $8,355 C) $8,567 D) $8,635
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Question

Quizplus · Accepted Answer

To find the GDP in 2008, multiply the 2007 GDP by the growth rate: $8,222 * 1.042 = $8,567.324, which rounds to $8,567.

A Country Has a 2008 Growth Rate of 4