In 2008,real GDP in the United States was $13,312 billion.In 2009,real GDP in the United States was $13,112 billion.What was the U.S.economic growth rate from 2008 to 2009?

Question

Quizplus · Accepted Answer

The formula for calculating economic growth rate is ((new GDP - old GDP) / old GDP) x 100. 
Plugging in the numbers, we get ((13112 - 13312) / 13312) x 100 = -1.5%. Thus, the correct answer is A) -1.5%.

In 2008,real GDP in the United States Was $13,312 Billion