If Real GDP in 2013 Is $10 Trillion, and in 2014

question 14

Multiple Choice

If real GDP in 2013 is $10 trillion, and in 2014 real GDP is $9.5 trillion, then real GDP growth from 2013 to 2014 is ________.

• A) 0.5 percent
• B) 5 percent
• C) 0 percent
• D) -5 percent

---

Definitions:

State Income Taxes

Taxes levied by individual states on the income earned by residents or entities within their jurisdiction.

Starting a Business

The act of establishing a new commercial enterprise, involving planning, financial decision-making, and legal setup.

Advantages

These are the benefits or favorable factors that contribute to the success and competitive edge of a business or strategy.

Disadvantages

The negative or less favorable aspects of a situation, plan, or condition that reduce the chance of success or effectiveness.