Refer to the table below, which shows data for Ireland. What was the economic growth rate in Ireland in 2010?
$$\begin{array}{l}
\text { Ireland }\
\begin{array} { | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { GDP per } \
\text { person } \
\text { (constant } \
\text { U.S. dollars) }
\end{array} \
\hline 2007 & \$ 54,568.67 \
\hline 2008 & \$ 51,111.99 \
\hline 2009 & \$ 48,054.07 \
\hline 2010 & \$ 48,711.95 \
\hline 2011 & \$ 50,304.68 \
\hline
\end{array}
\end{array}$$

Question

Refer to the table below, which shows data for Ireland. What was the economic growth rate in Ireland in 2010?
$$\begin{array}{l}
\text { Ireland }\
\begin{array} { | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { GDP per } \
\text { person } \
\text { (constant } \
\text { U.S. dollars) }
\end{array} \
\hline 2007 & \$ 54,568.67 \
\hline 2008 & \$ 51,111.99 \
\hline 2009 & \$ 48,054.07 \
\hline 2010 & \$ 48,711.95 \
\hline 2011 & \$ 50,304.68 \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The economic growth rate in 2010 can be calculated by comparing the GDP per person in 2010 to that in 2009. The formula for growth rate is $\frac{\text{GDP in 2010} - \text{GDP in 2009}}{\text{GDP in 2009}} \times 100$. Plugging in the values: $\frac{48711.95 - 48054.07}{48054.07} \times 100 = 1.37\%$.

Refer to the Table Below, Which Shows Data for Ireland