Use the following to answer questions :
Table: Price and Output Data
-(Table: Price and Output Data) Look at the table Price and Output Data. Between years 2 and 3, real GDP increased by:
A)10%.
B)20%.
C)30%.
D)33%.

Question

Use the following to answer questions :
Table: Price and Output Data 
-(Table: Price and Output Data) Look at the table Price and Output Data. Between years 2 and 3, real GDP increased by:
A)10%. 
B)20%. 
C)30%. 
D)33%.

Quizplus · Accepted Answer

Real GDP increased from $600 billion in year 2 to $800 billion in year 3. This is an increase of $200 billion, which represents a 33.33% increase ((200/600) x 100).

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