Answer:
The correct answer is: 10,71%.
Explanation:
The Gross Domestic Product (GDP) is a measure of the growth of an economy given a period. It considers government expenditures, private investments, consumers' consumption, and net exports (exports minus imports). Real GDP, on top of what the GDP includes, accounts for fluctuations in prices which contributes reflecting a better picture of the growth of an economy.
In the example, if the real GDP increases from $28,000 to $31,000, being "x" the percentage change and by the rule of three:
$28,000 → 100%
$31,000 → x
[tex]x = \frac{(31,000)(100)}{28,000}[/tex]
x = 110,71%
Percentage change = 110,71% - 100% = 10,71%
