Refer to Figure 15.2 for the following questions.
Figure 15.2
-Refer to Figure 15.2.Given the economy is at point A in year 1,what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?
A) 0.3 per cent
B) 1.1 per cent
C) 2.7 per cent
D) 3.7 per cent

Question

Refer to Figure 15.2 for the following questions.
Figure 15.2 
-Refer to Figure 15.2.Given the economy is at point A in year 1,what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?
A) 0.3 per cent 
B) 1.1 per cent 
C) 2.7 per cent 
D) 3.7 per cent

Quizplus · Accepted Answer

The difference between the actual growth rate and the potential growth rate in GDP in year 2 is 2.7 percent, as indicated by the information provided in the context.

Refer to Figure 15.2 for the Following Questions