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Table: Price and Output Data
-(Table: Price and Output Data) Look at the table Price and Output Data. Between years 4 and 5, real GDP:
A)decreased by 14%.
B)did not change.
C)increased by 3%.
D)increased by 17%.

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 4 and 5, real GDP:
A)decreased by 14%. 
B)did not change. 
C)increased by 3%. 
D)increased by 17%.

Quizplus · Accepted Answer

The real GDP increased from $150 billion in year 4 to $175 billion in year 5, which is an increase of $25 billion or approximately 17%.

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