Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

The GDP for a hypothetical economy is determined to be 6 billion dollars in year 1
and 7.5 billion dollars in year 2. What is the growth rate of GDP from year 1 to year
2? (1 point)
O 150%
25%
O 125%
1.5%

The GDP For A Hypothetical Economy Is Determined To Be 6 Billion Dollars In Year 1 And 75 Billion Dollars In Year 2 What Is The Growth Rate Of GDP From Year 1 T class=

Sagot :

jamiebritt22jlb22

Answer:

The answer is D, 25%

Explanation:

I just took the quick check

chilljain33

The growth rate of GDP from year 1 to year 2 will be computed as 25%.

What is GDP?

GDP is also known as Gross Domestic Product, which is the market value of all the final goods and services being produced in a country during a financial year.

In the above given case, the GDP of an economy is 6 billion, which rises to 7.5 billion in year 2. When calculated, it is obtained that the GDP has grown at a rate of 25% annually.

Hence, it can be stated that the growth rate of the GDP of an economy is 25% if it is 6 billion in year 1 and 7.5 billion in year 2.

Learn more about GDP here:

https://brainly.com/question/15682765

#SPJ2

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.