GDP in a country grew from $10 billion to $14 billion over the span of 5 years.The total percentage change in GDP was
A)4%.
B)7%.
C)10%.
D)40%.
E) 2%.

Question

Quizplus · Accepted Answer

To find the total percentage change in GDP, we need to calculate the percentage increase from the initial GDP of $10 billion to the final GDP of $14 billion.

Percentage increase = ((Final value - Initial value)/ Initial value) x 100%
= ((14 billion - 10 billion)/ 10 billion) x 100%
= 40%

Therefore, the total percentage change in GDP was 40%, which means that the GDP grew by 40% from $10 billion to $14 billion. The correct answer is option D - 40%.

GDP in a Country Grew from $10 Billion to $14