GDP in a country grew from $10 billion to $15 billion over the span of five years. The percentage change in GDP was:
A)4%.
B)7%.
C)40%.
D)50%.

Name: GDP in a country grew from $10 billion to $15 billion over the span of five years. The percentage change in GDP was: A)4%. B)7%. C)40%. D)50%.
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Question

Quizplus · Accepted Answer

The percentage change in GDP can be calculated as ((New GDP - Old GDP)/Old GDP)*100%. Applying this formula, we get ((15-10)/10)*100% = 50%. Therefore, the correct answer is D.

GDP in a Country Grew from $10 Billion to $15