Refer to the above table.Between years 1 and 2, real GDP per capita grew by _____ percent in Italy:

Question

Quizplus · Accepted Answer

Real GDP per capita in Italy increased from 39,000 in year 1 to 40,600 in year 2. To calculate the percent change, we use the formula ((new value - old value) / old value) x 100. Plugging in the numbers, we get ((40,600 - 39,000) / 39,000) x 100 = 4.1%. Rounded to the nearest whole number, the growth rate is 4%. Therefore, the best choice is B.

Refer to the Above Table