$$\begin{array} { | c | c | c | c | c | }
\hline \text { Year } & \text { Alta (Real GDP) } & \text { Zorn (Real GDP) } & \text { Alta (Population) } & \text { Zorn (Population) } \
\hline 1 & \$ 2,000 & \$ 150,000 & 200 & 500 \
\hline 2 & 2,100 & 152,000 & 202 & 505 \
\hline 3 & 2,200 & 154,000 & 210 & 508 \
\hline
\end{array}$$ Refer to the table. Between years 1 and 2, real GDP grew by __________ percent in Alta.
A) 3
B) 4
C) 5
D) 10

Question

$$\begin{array} { | c | c | c | c | c | } 
\hline \text { Year } & \text { Alta (Real GDP) } & \text { Zorn (Real GDP) } & \text { Alta (Population) } & \text { Zorn (Population) } \
\hline 1 & \$ 2,000 & \$ 150,000 & 200 & 500 \
\hline 2 & 2,100 & 152,000 & 202 & 505 \
\hline 3 & 2,200 & 154,000 & 210 & 508 \
\hline
\end{array}$$ Refer to the table. Between years 1 and 2, real GDP grew by __________ percent in Alta.
A) 3
B) 4
C) 5
D) 10

Quizplus · Accepted Answer

The percent change in real GDP from year 1 to year 2 in Alta can be calculated using the following formula:

percent change = ((new value - old value) / old value) x 100%

Plugging in the values for Alta:

percent change = ((2,100 - 2,000) / 2,000) x 100%
percent change = (100 / 2,000) x 100%
percent change = 5%

Therefore, the answer is choice C, 5%.

Refer to the Table