Table 21-1

-Refer to Table 21-1. Using the table above, what is the approximate growth rate of real GDP from 2017 to 2018?

Question

Table 21-1
 
-Refer to Table 21-1. Using the table above, what is the approximate growth rate of real GDP from 2017 to 2018?

Quizplus · Accepted Answer

The growth rate of real GDP is calculated by taking the difference in GDP between the two years, dividing by the GDP of the initial year, and then multiplying by 100. If the table indicates a 3% increase from 2017 to 2018, then the correct choice is 3%.

Table 21-1 -Refer to Table 21-1. Using the Table Above, What Is