Table 21-2
$$\begin{array} { | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Real GDP (billions } \
\text { of 2000 dollars) }
\end{array} \
\hline 2013 & \$ 10,100 \
\hline 2014 & 10,950 \
\hline 2015 & 11,425 \
\hline 2016 & 11,300 \
\hline
\end{array}$$
-Refer to Table 21-2.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?

Question

Table 21-2
 $$\begin{array} { | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP (billions } \
\text { of 2000 dollars) }
\end{array} \
\hline 2013 & \$ 10,100 \
\hline 2014 & 10,950 \
\hline 2015 & 11,425 \
\hline 2016 & 11,300 \
\hline
\end{array}$$
-Refer to Table 21-2.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?

Quizplus · Accepted Answer

The growth rate is calculated as ((11,300 - 11,425) / 11,425) * 100 = -1.09%, which is approximately -1%.

Table 21-2 -Refer to Table 21-2