The table below contains data for a country. The base year is 2006.

-Refer to the above table.Which of the following statements is true?
A) Output grew more from 2017 to 2018 than from 2018 to 2019.
B) Inflation from 2016 to 2019 was higher than the growth rate over that time.
C) Output grew more from 2016 to 2017 than from 2017 to 2019.
D) Real GDP is higher in 2017 than in 2018.

Question

The table below contains data for a country. The base year is 2006.
 
-Refer to the above table.Which of the following statements is true?
A) Output grew more from 2017 to 2018 than from 2018 to 2019. 
B) Inflation from 2016 to 2019 was higher than the growth rate over that time. 
C) Output grew more from 2016 to 2017 than from 2017 to 2019. 
D) Real GDP is higher in 2017 than in 2018.

Quizplus · Accepted Answer

From 2016 to 2017, real GDP increased from 2006 levels by 3.1%. From 2017 to 2019, the increase was only 2.8%. Therefore, option C is the correct statement. Option A is incorrect as output grew by 2.8% from 2017 to 2018, compared to 2.6% from 2018 to 2019. Option B is incorrect as the inflation rate was 2.3% from 2016 to 2019, which is lower than the growth rate of the economy over the same period. Option D is incorrect as real GDP for 2018 was higher than that of 2017.

The Table Below Contains Data for a Country