Question 74

Read the data and answer the questions|
If the GDP of the country was $4 trillion at the end of 2012, what was it at the beginning of 2014?

Solution

GDP at the beginning of 2014 is equal to the GDP at the end of 2013

=> GDP growth rate in 2013 = -3%

GDP at the end of 2012 = GDP at the beginning of 2013 = $4 trillion

$$\therefore$$ GDP at the beginning of 2014 = $$\frac{100 - 3}{100} \times 4$$ trillion

= $$\frac{97}{25}$$ = $3.88 trillion

=> Ans - (A)

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