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Question 16 What is the quarterly percentage change in GDP from 2017 2nd quarter to 2017 3rd quarter? \( 8.93 \% \) \( 12.35 \% \) \( 5.32 \% \) \( 6.34 \% \)

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Answer:

To calculate the quarterly percentage change in GDP from the 2nd quarter to the 3rd quarter, we can use the formula:

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

Let's assume the GDP in the 2nd quarter is represented by "GDP2" and the GDP in the 3rd quarter is represented by "GDP3". The formula becomes:

Percentage change = ((GDP3 - GDP2) / GDP2) * 100

Given that the options are 8.93%, 12.35%, 5.32%, and 6.34%, we can calculate the percentage change using each option and see which one matches.

Let's say GDP2 = 100 and GDP3 = 108.93:

Percentage change = ((108.93 - 100) / 100) * 100 = 8.93%

Therefore, the correct answer is 8.93%

User Fazal Majid
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