The data in the following table represents real GDP from 20132016 for five countries. a. Calculate the

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The data in the following table represents real GDP from 2013–2016 for five countries.

a. Calculate the growth rate in real GDP for all five countries from 2013–2014. Which country experienced the highest rate of economic growth from 2013–2014?

b. Calculate the growth rate in real GDP for all five countries from 2014–2015. Which country experienced the highest rate of economic growth from 2014–2015?

c. Calculate the growth rate in real GDP for all five countries from 2015–2016. Which country experienced the highest rate of economic growth from 2015–2016?

d. Calculate the average annual growth rate in real GDP for all five countries from 2013–2016. Which country experienced the highest average annual rate of economic growth from 2013–2016?

Country United States El Salvador Republic of South Africa Cambodia Russia 2013 15,802.86 22.72 406.12 2014

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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