If real GDP in a small country in 2016 is $8 billion and real GDP in the same country in 2017 is $8.3 billion, the growth rate of real GDP between 2016 and 2017

Question

Quizplus · Accepted Answer

The growth rate of real GDP between 2016 and 2017 can be calculated using the following formula:

Growth rate = ((final value - initial value) / initial value) x 100

Plugging in the values given, we get:

Growth rate = ((8.3 - 8) / 8) x 100 = 3.75%

Therefore, the correct answer is D, which is 3.75%.

If Real GDP in a Small Country in 2016 Is