1541EconomicsMedium
The formula to calculate economic growth from 2001 to 2002 is given by?
A[(GDP2001 – GDP2002]100
B[(GDP2002 + GDP2001)/GDP2001]100
Correct answer
B. [(GDP2002 + GDP2001)/GDP2001]100
Explanation
The correct answer is [(GDP2002 + GDP2001)/GDP2001]100.