An emerging country has a real GDP of $ 1387.2 billion. After one year, real GDP...

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An emerging country has a real GDP of $ 1387.2 billion. After one year, real GDP...

An emerging country has a real GDP of $ 1387.2 billion.

After one year, real GDP has grown to $ 1498 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number.

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Answer 1

Answer #1

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growth rate=((RGDP of the year -RGDP of last year)/RGDP of last year)*100

=((1498-1387.2)/1387.2)*100

=7.98731257

=8%

the growth rate is 8%

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Answer 2

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An emerging country has a real GDP of $ 1387.2 billion. After one year, real GDP...

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Real GDP in 2002 was $13,169 billion. Real GDP in 2003 was $12,792 billion. What was...

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