An emerging country has a real gdp of 1552.9. After one year, real GDP has grown

Question

An emerging country has a real gdp of 1552.9. After one year, real GDP has grown to 1661.6. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. ignme xNorthwest Arkansas Con x ibiscms/mod/ibis/view.php?id-5793792 Print Calculator Question 1 of 17 Sapling Learning grown to 1661.6. In tage terms, what is the growth rate? Please round your answer to the nearest whole number emerging country has a real GDP of 1552.9. After one year, real GOP has Previous & Give Up &View; Solution Check Answer Nextt

Explanation / Answer

Growth rate = [Real GDP in (t + 1) year - Real GDP in t year] / RealGDP in t year x 100

= [1661.6 - 1552.9]/1552.9 x 100 = 6.999 = 7%

So, growth rate is 7%.

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