QUESTION 5 Suppose US GDP was $12,000 billion dollars in the first quarter of th

Question

QUESTION 5 Suppose US GDP was $12,000 billion dollars in the first quarter of the calendar year and declined by 3.1 percent by the fourth quarter of that same calendar year, What is the dollar amount of this 3.1 percent decline? Your answer will be in billions of dollars REMEMBER to convert the pereent decline to a decimal number iwhen performing your caleulation REMEMBER to convert your ansiver to a whole number. Your answer should be a three digit whole number with NO ZEROs after it. Do not include any symbols such as $, %, or decimal point (.); or any rords such as "dollar", "million ete

Explanation / Answer

US GDP in the first quarter is 12000 billion and it reduces by 3.1%. in dollar terms, this amounts to

12000 x 3.1/100 = 372 billion dollars.

This is the amount of reduction in billion dollars.

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