question 9\nyear alta (real gdp)\n1 $3,000\n2 3,200\n3 3,400\nrefer to the table. between years 1 and 2…

question 9\nyear alta (real gdp)\n1 $3,000\n2 3,200\n3 3,400\nrefer to the table. between years 1 and 2, real gdp grew by ________ percent in alta. round to the nearest tenth of a percent.\n6.3%\n6.7%\n5.9%\n7.0%

question 9\nyear alta (real gdp)\n1 $3,000\n2 3,200\n3 3,400\nrefer to the table. between years 1 and 2, real gdp grew by ________ percent in alta. round to the nearest tenth of a percent.\n6.3%\n6.7%\n5.9%\n7.0%

Answer

Explanation:

Step1: Identify growth - formula

The formula for percentage growth of real GDP is $\frac{GDP_{2}-GDP_{1}}{GDP_{1}}\times100%$.

Step2: Substitute values

Here, $GDP_{1} = 3000$ and $GDP_{2}=3200$. So we have $\frac{3200 - 3000}{3000}\times100%=\frac{200}{3000}\times100%$.

Step3: Calculate result

$\frac{200}{3000}\times100%=\frac{20000}{3000}\approx 6.7%$.

Answer:

B. 6.7%