Table 14-2 -Refer to Table 14-2

question 57

Multiple Choice

Table 14-2
$\begin{array}{|c|c|}\hline \text { Year } & \begin{array}{c}\text { Real GDP (billions of } \\2000 \text { dollars) }\end{array} \\\hline 2015 & \$ 10,100 \\\hline 2016 & 10,950 \\\hline 2017 & 11,425 \\\hline 2018 & 11,300 \\\hline\end{array}$
-Refer to Table 14-2.Using the table above,what is the approximate growth rate of real GDP from 2017 to 2018?

• A) -2%
• B) -1%
• C) 1%
• D) 2%

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Definitions:

Present Value

The present value of a future amount of money or series of cash flows, using a given rate of return.

Market Rate

The prevailing price or cost of products, services, or labor in a competitive marketplace as determined by supply and demand.

Interest

The cost of borrowing money, typically expressed as a percentage rate over a period of time, or the return on investment for savings.

ITQs

Individual Transferable Quotas, a common tool in fisheries management allowing holders to catch a specific percentage of the total allowable catch.