Table 21-1 -Refer to Table 21-1

question 30

Multiple Choice

Table 21-1
$$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { Real GDP (billions } \\\text { of 2000 dollars) }\end{array} \\\hline 2013 & \$ 8,700 \\\hline 2014 & 8,875 \\\hline 2015 & 9,000 \\\hline 2016 & 9,280 \\\hline\end{array}$$
-Refer to Table 21-1.Using the table above,what is the approximate growth rate of real GDP from 2015 to 2016?

• A)1%
• B)2%
• C)3%
• D)4%

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Definitions:

Seasonal Peaks

Times of the year when demand for a product or service is significantly higher than usual, often due to factors like holidays or weather.

Wasted Capacity

The portion of production capability or resources that goes unused or is not effectively utilized.

Margin Reduction

The decrease in the difference between the cost to produce a good or service and its selling price, often aiming to increase market competitiveness.

Backup Source

An alternative supplier or system used to ensure continuity in case the primary source fails or is unavailable.