Homework Answers
The US GDP in 1998 in terms of pounds was 14000 / 0.62 = 22580.65 billion pounds and the same figure increased to 25000/1.2 = 30000 pounds in 2006.
Hence, there is a percentage change of (30000 - 22580.65)/22580.65 = 32.86% in the US GDP in pounds.
| US GDP in dollars | US GDP in pounds | Percentage change | |
| 1998 | 14000 | 22580.65 | |
| 2006 | 25000 | 30000 | 32.86 |
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