Refer to Figure 10.2 for the following questions.
Figure 10.2

-In Figure 10.2, given the economy is at point A in year 1 and point B in year 2, what is the growth rate in real GDP between those two years?
A)2.5%
B)7.3%
C)8.0%
D)10.0%

Question

Refer to Figure 10.2 for the following questions.
Figure 10.2
 
-In Figure 10.2, given the economy is at point A in year 1 and point B in year 2, what is the growth rate in real GDP between those two years?
A)2.5% 
B)7.3% 
C)8.0% 
D)10.0%

Quizplus · Accepted Answer

The growth rate in real GDP is calculated using the formula: [(Real GDP in Year 2 - Real GDP in Year 1) / Real GDP in Year 1] * 100. Without specific values for points A and B, the correct answer cannot be determined from the information provided. However, based on the question's context, if the answer is known to be 7.3%, it suggests that the calculation based on the given points A and B in the figure (which we cannot see) results in a 7.3% growth rate. This is a typical calculation for economic growth rates over time.

Refer to Figure 10.2 for the Following Questions