Table 10-1

-Refer to Table 10-1.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?

Name: Table 10-1 -Refer to Table 10-1.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?
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Question

Table 10-1
 
-Refer to Table 10-1.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?

Quizplus · Accepted Answer

The percentage change in real GDP from 2015 to 2016 is ((16,155 - 15,649) / 15,649) x 100 = 3.2%. Therefore, the approximate growth rate of real GDP from 2015 to 2016 is 3%. The closest option is C, which is the correct answer.

Table 10-1 -Refer to Table 10-1.Using the Table Above,what Is the Approximate