25
QuizMultiple Choice

N/A — Exam

Question 25 • Advanced Financial Algebra

Last year, a country's GDP was $⁢1.5 trillion. This year, it is $⁢1.7 trillion. What is the country's GDP growth rate?

Answer
A
15 percent
B
8 point 8 percent
C
10 percent
D
13 point 3 percent

Explanation

GDP growth rate is the change in GDP divided by last year’s GDP, multiplied by 100. The increase was $1.7 trillion − $1.5 trillion = $0.2 trillion, so ($0.2 ÷ $1.5) × 100 ≈ 13.3%. The correct choice is 13.3 percent.

AI-written and checked against the verified answer.

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