Figure 15-4

-Refer to Figure 15-4.Given the economy is at point A in year 1,what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?
A) 0.3%
B) 1.1%
C) 2.7%
D) 3.7%

Question

Figure 15-4
 
-Refer to Figure 15-4.Given the economy is at point A in year 1,what is the difference between the actual growth rate in GDP in year 2 and the potential growth rate in GDP in year 2?
A) 0.3% 
B) 1.1% 
C) 2.7% 
D) 3.7%

Quizplus · Accepted Answer

The difference between the actual growth rate and the potential growth rate is 2.7%, as indicated by the movement from point A in year 1 to the new position in year 2 on the graph.

Figure 15-4 -Refer to Figure 15-4.Given the Economy Is at Point a Is