Suppose that Alpha's real output rose from $400 billion in year 1 to $428 billion in year 2. Its growth rate for this period was
A) 14 percent.
B) 12 percent.
C) 9 percent.
D) 7 percent.

Name: Suppose that Alpha's real output rose from $400 billion in year 1 to $428 billion in year 2. Its growth rate for this period was A) 14 percent. B) 12 percent. C) 9 percent. D) 7 percent.
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Question

Quizplus · Accepted Answer

The growth rate is calculated as ((428 - 400) / 400) * 100 = 7 percent.

Suppose That Alpha's Real Output Rose from $400 Billion in Year