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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Definitions:

Automated Operations

The use of technology to perform tasks or processes automatically, typically involving minimal human intervention.

Task

A piece of work or duty to be undertaken, often characterized by a specific goal or set of requirements.

Resource Utilisation

Refers to the efficient and effective use of resources, such as materials, labor, and capital, to achieve organizational or project objectives.

Quantity And Quality

Refers to the scale and standard of goods or services, emphasizing the importance of balancing both aspects to meet customer satisfaction.