If per capita GDP in 2015 was $1,000 and in 2016 was $1,200, the growth rate of per capita GDP was:
A) 1.2 percent.
B) about 17 percent.
C) 20 percent.
D) 120 percent.
E) Not enough information is given.

Name: If per capita GDP in 2015 was $1,000 and in 2016 was $1,200, the growth rate of per capita GDP was: A) 1.2 percent. B) about 17 percent. C) 20 percent. D) 120 percent. E) Not enough information is given.
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Quizplus · Accepted Answer

The growth rate is calculated as ((1200 - 1000) / 1000) * 100% = 20%.

If Per Capita GDP in 2015 Was $1,000 and in 2016