Suppose that real GDP for 2015 was $10,000 billion and real GDP for 2016 was $9,500 billion.What is the rate of growth of real GDP between 2015 and 2016?

Name: Suppose that real GDP for 2015 was $10,000 billion and real GDP for 2016 was $9,500 billion.What is the rate of growth of real GDP between 2015 and 2016?
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Question

Quizplus · Accepted Answer

Rate of growth of real GDP = [(Real GDP in 2016 - Real GDP in 2015)/Real GDP in 2015] x 100%
= [(9500-10000)/10000] x 100%
= (-500/10000) x 100%
= -5%
Therefore, the answer is (B) -5%.

Suppose That Real GDP for 2015 Was $10,000 Billion and Real