Question

Suppose real gdp in a country was 200 in 2021 and 210 in 2022. The growth rate in real gdp from 2021 to 2022 was percent

A.18.1
B.10
C.9.1
D.5

Answer 1

The growth rate in real GDP from 2021 to 2022 is 5%.

Step-by-step explanation:

To find the real GDP growth rate, we need to calculate the percentage change in real GDP from 2021 to 2022.

Using the formula for percentage change:

Percentage change = ((New value - Old value) / Old value) x 100

Where the new value is 210 and the old value is 200, the growth rate in real GDP from 2021 to 2022 is:

Percentage change = ((210 - 200) / 200) x 100 = 5%

Therefore, the correct answer is D. 5%.