Diff: 3 Topic: 25.1a. the Nature of Economic Growth Skill: Applied

Diff: 3
Topic: 25.1a. The Nature of Economic Growth Skill: Applied
Learning Obj.: 25-2 List four important determinants of growth in potential GDP User1: Table
User2: Quantitative
-Note: This question requires a calculator with an exponent function.
Refer to Table 25-1. What is real GDP in this economy in Year 20 if the annual growth rate is 4%?

A) 2191
B) 8000
C) 20 800
D) 80 000
E) 836 683