Figure 15-4

-Refer to Figure 15-4.In the figure above,AD₁,LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?
A) 2.5%
B) 7.3%
C) 8.0%
D) 10.0%

Question

Figure 15-4
 
-Refer to Figure 15-4.In the figure above,AD₁,LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?
A) 2.5% 
B) 7.3% 
C) 8.0% 
D) 10.0%

Quizplus · Accepted Answer

The Answer of Figure 15-4
 
-Refer to Figure 15-4.In the figure above,AD₁,LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?
A) 2.5% 
B) 7.3% 
C) 8.0% 
D) 10.0%

Figure 15-4 -Refer to Figure 15-4.In the Figure Above,AD₁,LRAS₁ and SRAS₁ Denote