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Figure 24-4 -Refer to Figure 24-4. in the Figure Above,AD₁, LRAS₁ and Figure

Question 69

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Figure 24-4
Figure 24-4 -Refer to Figure 24-4. In the figure above,AD₁, LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2. Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2? A) 2.5% B) 7.3% C) 8.0% D) 10.0%
-Refer to Figure 24-4. In the figure above,AD₁, LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2. Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?


A) 2.5%
B) 7.3%
C) 8.0%
D) 10.0%

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