During the most recent three quarters, real GDP decreased from $200 to $180 to $170. The growth rate between the first quarter and the second quarter was ________ percent.
A) -11
B) +11
C) +10
D) -10
E) -15

Question

Quizplus · Accepted Answer

The growth rate between the first quarter and the second quarter can be calculated by using the formula:
Growth rate = (New Value - Old Value) / Old Value x 100%

Therefore, the growth rate between the first quarter and the second quarter is:
(180 - 200) / 200 x 100% = -10%
Thus, the correct answer is D.

During the Most Recent Three Quarters, Real GDP Decreased from $200