Figure 24-4 -Refer to Figure 24-4. in the Figure Above, AD₁, LRAS₁

question 169

Multiple Choice

Figure 24-4
-Refer to Figure 24-4. In the figure above, AD₁, LRAS₁ and SRAS₁ denote AD, LRAS and SRAS in year 1, while AD₂, LRAS₂ and SRAS₂ denote AD, LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the actual growth rate in GDP in year 2?

• A) 2.5%
• B) 7.3%
• C) 8.0%
• D) 10.0%

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Definitions:

Sales Presentation

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