The table below shows data for Central African Republic (CAR). What was the economic growth rate between 2012 and 2013?
$${ \text { Central African Republic } } \
\begin{array} { | c | c | c | }
\hline \text { Year } & \text { GDP (constant U.S. dollars) } & \text { Population } \
\hline 2009 & \$ 2,045,767,418 & 4,337,625 \
\hline 2010 & \$ 2,140,503,193 & 4,386,768 \
\hline 2011 & \$ 2,230,289,068 & 4,418,636 \
\hline 2012 & \$ 2,343,002,553 & 4,436,415 \
\hline 2013 & \$ 1,498,644,740 & 4,447,942 \
\hline
\end{array}$$

Question

The table below shows data for Central African Republic (CAR). What was the economic growth rate between 2012 and 2013?
$${ \text { Central African Republic } } \
\begin{array} { | c | c | c | } 
\hline \text { Year } & \text { GDP (constant U.S. dollars) } & \text { Population } \
\hline 2009 & \$ 2,045,767,418 & 4,337,625 \
\hline 2010 & \$ 2,140,503,193 & 4,386,768 \
\hline 2011 & \$ 2,230,289,068 & 4,418,636 \
\hline 2012 & \$ 2,343,002,553 & 4,436,415 \
\hline 2013 & \$ 1,498,644,740 & 4,447,942 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The economic growth rate is calculated as the percentage change in GDP from one year to the next. Between 2012 and 2013, the GDP decreased from \$2,343,002,553 to \$1,498,644,740. The percentage change is calculated as $\frac{1,498,644,740 - 2,343,002,553}{2,343,002,553} \times 100 = -36.20\%$.

The Table Below Shows Data for Central African Republic (CAR)