Table 14-2
$\begin{array}{|c|c|}
\hline \text { Year } & \begin{array}{c}
\text { Real GDP (billions of } \
2000 \text { dollars) }
\end{array} \
\hline 2015 & \$ 10,100 \
\hline 2016 & 10,950 \
\hline 2017 & 11,425 \
\hline 2018 & 11,300 \
\hline
\end{array}$
-Refer to Table 14-2.Using the table above,what is the approximate growth rate of real GDP from 2017 to 2018?

Question

Table 14-2
 $\begin{array}{|c|c|}
\hline \text { Year } & \begin{array}{c}
\text { Real GDP (billions of } \
2000 \text { dollars) }
\end{array} \
\hline 2015 & \$ 10,100 \
\hline 2016 & 10,950 \
\hline 2017 & 11,425 \
\hline 2018 & 11,300 \
\hline
\end{array}$
-Refer to Table 14-2.Using the table above,what is the approximate growth rate of real GDP from 2017 to 2018?

Quizplus · Accepted Answer

The growth rate of real GDP from 2017 to 2018 is calculated as $(11,300 - 11,425) / 11,425 \times 100$, which is approximately -1%.

Table 14-2 -Refer to Table 14-2