Table 11.Growth (in Trillions) Real Year GDP 2015 16.30 2014 16.29 2013 15.92 2012 15.43 2011 15.19 2010 15.00 2009 14.89 Refer to Table 11.Growth. Economic growth rate for 2009 is about O 0.74% O 0.84% O 0.94% O 0.64%
Table 11.Growth (in Trillions) Real Year GDP 2015 16.30 2014 16.29 2013 15.92 2012 15.43 2011 15.19 2010 15.00 2009 14.89 Refer to Table 11.Growth. Economic growth rate for 2009 is about O 0.74% O 0.84% O 0.94% O 0.64%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Table
11.Growth
(in Trillions)
Real
Year
GDP
2015
16.30
2014
16.29
2013
15.92
2012
15.43
2011
15.19
2010
15.00
2009
14.89
Refer to Table 11.Growth. Economic growth rate for 2009 is about
O 0.74%
O 0.84%
O 0.94%
O 0.64%
Expert Solution

Step 1
Given;
GDP in 2009= 14.89
GDP in 2010= 15.00
Formula to calculate GDP growth:-
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