The country described in the table below produces and consumes only three goods: energy drinks, pizza, and t-shirts. The quantity produced and price of each good in 2016 and 2017 are provided.

-Refer to the above table.Assuming that 2017 is the base year,by what percentage did real GDP grow between 2016 and 2017?
A) 1.3 percent
B) 1.6 percent
C) 1.9 percent
D) 2.2 percent

Question

The country described in the table below produces and consumes only three goods: energy drinks, pizza, and t-shirts. The quantity produced and price of each good in 2016 and 2017 are provided.
 
-Refer to the above table.Assuming that 2017 is the base year,by what percentage did real GDP grow between 2016 and 2017?
A) 1.3 percent 
B) 1.6 percent 
C) 1.9 percent 
D) 2.2 percent

Quizplus · Accepted Answer

Since 2017 is the base year, the real GDP growth rate for that year compared to 2016 would be calculated using the nominal GDP growth rate, which is 1.3 percent.

The Country Described in the Table Below Produces and Consumes