If Australia's Real GDP Is AUD$434

question 58

Multiple Choice

If Australia's real GDP is AUD$434.95 billion in 1999 and the country's average annual growth rate is 2.9 percent, what will its real GDP be in 2004?

• A)AUD$464.25 billion
• B)AUD$478.60 billion
• C)AUD$498.02 billion
• D)AUD$501.78 billion
• E)AUD$516.82 billion