Quarter Real GDP Growth Calculation

Real GDP Growth Calculation Between Quarter 10 and Quarter 11

Quarter Real GDP ($billions) Long-Run Trend of Real GDP ($billions) 1 4,000 4,000 2 4,160 4,120 3 4,326 4,244 4 4,413 4,371 5 4,501 4,502 6 4,591 4,637 7 4,499 4,776 8 4,409 4,919 9 4,673 5,067 10 4,954 5,219 11 5,252 5,376 12 5,376 5,537 Between quarter 10 and quarter 11, real gross domestic product (GDP) grew by what percentage?

6%Explanation:As per the given data, calculate the growth rate of real GDP between quarter 10 and quarter 11.

Growth of real GDP = ($5,252 billion - $4,954 billion) / $4,954 billion Growth of real GDP = $298 billion / $4,954 billion Growth of real GDP = 6.02% = 6%

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