A country's GDP (in billions) was $5,690 in 2010 and $5,899 in 2011. What is the growth rate of GDP?
A) 1.03%
B) 3.54%
C) 3.67%
D) 9.64%

Name: A country's GDP (in billions) was $5,690 in 2010 and $5,899 in 2011. What is the growth rate of GDP? A) 1.03% B) 3.54% C) 3.67% D) 9.64%
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Question

Quizplus · Accepted Answer

The growth rate can be calculated using the formula: 
((GDP in 2011 - GDP in 2010) / GDP in 2010) * 100%
Substituting the values, we get: 
((5899 - 5690) / 5690) * 100% = 3.67%
Therefore, the answer is choice C, 3.67%.

A Country's GDP (In Billions) Was $5,690 in 2010 and $5,899