Question

If the economy grows at 10 percent from year 1 to year 2 and real GDP is 300 in year 1, what will real GDP be in year 2?

Answer 1

330

Step-by-step explanation:

Real GDP in year 2 = real GDP in year 1 × (1+ growth rate)

= 300 × (1.1) = 330

I hope my answer helps you.