If China's real GDP grew from $7 trillion one year to $8 trillion the next year, the annual growth rate would be:
A) 14.3 percent.
B) 1.43 percent.
C) 8 percent.
D) 12.5 percent.

Name: If China's real GDP grew from $7 trillion one year to $8 trillion the next year, the annual growth rate would be: A) 14.3 percent. B) 1.43 percent. C) 8 percent. D) 12.5 percent.
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Quizplus · Accepted Answer

The growth rate is calculated as ((New Value - Old Value) / Old Value) * 100. So, ((8 - 7) / 7) * 100 = 14.3 percent.

If China's Real GDP Grew from $7 Trillion One Year