If real gross domestic product increased 0.625% from the first quarter to the second quarter of 2013, the annualized growth rate is 2.5%.

Name: If real gross domestic product increased 0.625% from the first quarter to the second quarter of 2013, the annualized growth rate is 2.5%.
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The annualized growth rate is calculated by taking the quarterly growth rate and raising it to the power of 4 (for four quarters in a year), then subtracting 1. (1.00625^4 - 1) equals approximately 0.025 or 2.5%.

If Real Gross Domestic Product Increased 0