Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.