Figure 13-4 -Refer to Figure 13-4.In the Figure Above,AD1,LRAS1 and SRAS1 Denote

question 147

Multiple Choice

Figure 13-4
-Refer to Figure 13-4.In the figure above,AD1,LRAS1 and SRAS1 denote AD,LRAS and SRAS in year 1,while AD2,LRAS2 and SRAS2 denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?

• A)2.5%
• B)7.3%
• C)8.0%
• D)10.0%

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