If the Bureau of Economic Analysis reports that the annualized U.S. growth rate was 2.5% for the second quarter, then the actual growth rate from the first quarter to the second quarter was:

Question

Quizplus · Accepted Answer

The annualized growth rate of 2.5% means that if the economy grew at the same rate for four quarters, it would grow by 2.5% over the year. To find the actual quarterly growth rate, divide the annualized rate by 4, which is 0.625%.

If the Bureau of Economic Analysis Reports That the Annualized