Exhibit 7-3

-Refer to Exhibit 7-3.Between 2001 and 2002,real GDP for this nation
A) increased by slightly less than $10 billion
B) decreased by slightly more than $5 billion
C) remained constant
D) increased by only about $1 billion
E) cannot be determined from the information given

Question

Exhibit 7-3
 
-Refer to Exhibit 7-3.Between 2001 and 2002,real GDP for this nation
A) increased by slightly less than $10 billion 
B) decreased by slightly more than $5 billion 
C) remained constant 
D) increased by only about $1 billion 
E) cannot be determined from the information given

Quizplus · Accepted Answer

Based on the graph, the real GDP in 2001 is around $8 trillion and in 2002 it is around $18 trillion. The difference between the two is slightly less than $10 billion. Therefore, the answer is A) increased by slightly less than $10 billion.

Exhibit 7-3 -Refer to Exhibit 7-3.Between 2001 and 2002,real GDP for This