Technological advancements typically increase productivity and encourage economic growth. Suppose a breakthrough in technology causes a rapid increase in a country's productivity. As a result, its real GDP increase from $11, 600 to $12,900. What is the percent change in real GDP? Round your answer to the nearest tenth. Be sure to include a negative sign in your answer if necessary. Provide your answer below: %

Technological advancements typically increase productivity and encourage economic growth. Suppose a breakthrough in technology causes a rapid increase in a country's productivity. As a result, its real GDP increase from $11, 600 to $12,900. What is the percent change in real GDP? Round your answer to the nearest tenth. Be sure to include a negative sign in your answer if necessary. Provide your answer below: %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please answer the question with work shown on the attached picture below, thanks! #9
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