If Real GDP Was 100 in 2011 and 104

question 55

Multiple Choice

If real GDP was 100 in 2011 and 104.4 in 2012, the growth rate of real GDP between 2011 and 2012 was

• A) 2.2 percent.
• B) 4.4 percent.
• C) 100 percent.
• D) 102.2 percent.

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A theoretical construct that explains various aspects of the economy, including transactions, decision-making processes, and the behavior of markets.

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