Consider the Following Information, Which Provides Percentage Change in GDP

question 70

Multiple Choice

Consider the following information, which provides percentage change in GDP per year: Percentage
Increase in GDP
2012 -10.0
2013 -5.0
2014 -5.0
2015 4.0
2016 10.0
Given this information, which of the following statements is true?

• A)GDP in 2013 is less than in2012.
• B)GDP in 2013 is greater than in2012.
• C)GDP in 2016 is less than in2015.
• D)GDP in 2015 is greater than in2014.

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Definitions:

Annual Contributions

The total amount of money contributed to a specific account or investment within one year.

Compounded Annually

Interest calculated once per year, where the interest of one period is added to the principal for calculation of the next period's interest.

Constant Growth Annuity

An investment or financial product that provides a series of payments that grow at a constant rate for a specific period of time.

Loan

Money borrowed that is expected to be repaid with interest.