Suppose That Real GDP for 2012 Was $10 000 Billion

question 171

Multiple Choice

Suppose that real GDP for 2012 was $10 000 billion and real GDP for 2013 was $11 000 billion.What is the rate of growth of real GDP?

• A) 10 per cent
• B) 1 per cent
• C) 5 per cent
• D) 2 per cent

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Definitions:

Ordering

The process of requesting goods, services, or tasks in a systematic and organized manner.

Contamination

The presence of unwanted substances or impurities in a material or environment, often leading to pollution or infection.

Floor

The bottom surface of any room or vehicle, on which one may walk or stand.