A country's GDP rises from 60 to 75 billion euros. What is the growth rate (absolute value)?
Answer and explanation
Correct answer: C. 25 %
- Step 1: Growth = (new - old) / old x 100 = 15 / 60 x 100. Step 2. The result is 25 %. Answer: 25 %. Why not the others: 15 %: the difference was given as a percentage. 20 %: the new value was used as the base. 30 % does not fit.
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