Figure 15-4 -Refer to Figure 15-4.In the Figure Above,LRAS₁ and SRAS₁ Denote

Multiple Choice

Figure 15-4

-Refer to Figure 15-4.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%