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Table: Per Capita GDP

-(Table: Per Capita GDP) Look at the table Per Capita GDP. The growth rate of per capita real GDP from 2011 to 2014 was:
A)200%.
B)50%.
C)-50%.
D)-33%.

Question

Use the following to answer questions :
Table: Per Capita GDP
 
-(Table: Per Capita GDP) Look at the table Per Capita GDP. The growth rate of per capita real GDP from 2011 to 2014 was:
A)200%. 
B)50%. 
C)-50%. 
D)-33%.

Quizplus · Accepted Answer

To calculate the growth rate from 2011 to 2014, we need to find the percentage change between the two time periods.

Using the formula: 
Growth Rate = ((Final Value / Initial Value) - 1) * 100

where: 
Initial Value = Per Capita GDP in 2011 = $50,000 
Final Value = Per Capita GDP in 2014 = $33,500

Growth Rate = (($33,500 / $50,000) - 1) * 100 = -32.5%

Rounding to the nearest whole number, we get -33%. Therefore, the correct answer is D) -33%.

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