Suppose That Real GDP Starts at 200 and Grows at a Rate

question 132

Multiple Choice

Suppose that real GDP starts at 200 and grows at a rate of 9 percent per year for two years. In the third year real GDP would be

• A) 183.49.
• B) 236.
• C) 237.62.
• D) 239.24.

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Definitions:

Behavioral Learning

The process by which individuals change their behavior based on the consequences of past actions, through processes such as conditioning and reinforcement.

Cognitive Learning

A process of acquiring new knowledge and understanding through thought, experiences, and the senses.

Scientific Method

A systematic, logical approach used in scientific research to formulate, test, and validate hypotheses through experimentation and observation.

Attitude Formation

The process by which individuals develop their outlook and opinions towards objects, people, or events based on experience and information.