Consider the data below: Q1 19,924.1 Billions of (2012) dollars 2022 Q2 19,895.3 Q3 20,054.7 Real GDP in 2021 in the U.S. was 19,609.8 billions of 2012 dollars. a) If during Q4 2022 the annualized percentage change in real GDP from the preceding quarter is 3%, what is the numerical value of the annual growth rate in real GDP between 2021 and 2022? Show how you derive your results.

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Q: conomist

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