FIGURE 20-1 Refer to Figure 20-1.Real GDP increased by approximately ________% between 1995 and 2010.

Question

Quizplus · Accepted Answer

From the graph, we can see that the real GDP in 1995 was around $10 trillion and in 2010 it was around $14 trillion, which is an increase of approximately $4 trillion. To calculate the percentage increase, we can divide this by the initial value and multiply by 100: ($4 trillion / $10 trillion) x 100 = 40%. However, the question asks for the approximate increase, so the answer is C) 35%.