The growth rate of real GDP equals
A) [(real GDP in current year - real GDP in previous year) ÷ real GDP in current year] × 100.
B) [(employment in the current year - employment in previous year) /employment in previous year] × 100.
C) (real GDP in current year - real GDP in previous year) × 100.
D) [(real GDP in current year - real GDP in previous year) ÷ real GDP in previous year] × 100.
E) [(real GDP in previous year - real GDP in current year) ÷ real GDP in previous year] × 100.
Correct Answer:
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