Figure 24-4 -Refer to Figure 24-4. in the Figure Above, LRAS₁ and Above

Multiple Choice

Figure 24-4
-Refer to Figure 24-4. In the figure above, LRAS₁ and SRAS₁ denote LRAS and SRAS in year 1, while LRAS₂ and SRAS₂ denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?

A) 8%
B) 9.1%
C) 10%
D) 12%