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Question 99

Refer the below data table and answer the following question.

If the GDP of the country was $1 trillion at the end of 2011, what was it at the beginning of 2013? 

GDP at the beginning of 2013 is equal to the GDP at the end of 2012

=> GDP growth rate in 2012 = 7%

GDP at the end of 2011 = GDP at the beginning of 2012 = $1 trillion

$$\therefore$$ GDP at the beginning of 2013 = $$\frac{100 + 7}{100} \times 1$$ trillion 

= $$\frac{107}{100}$$ = $1.07 trillion

=> Ans - (A)

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