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Say that GDP is determined by the formula, y(t) - 2(0
Say that GDP is determined by the formula, y(t) - 2(0. You know that it grows at an exponential rate of 0.018 per year. (2011) - 65. What is GDP. YU. In the year 2019? Use 1 decimal place. QUESTION 10 1 points GDP in 2017 was 100. The growth rate of GDP from 2017 to 2018 was 4.2, and the growth rate of GDP from 2018 to 2019 was -0.8%. What is the level of GDP in 2019? Use 1 decimal place, Click Save and Submit to see and submit. Click Save All Areas to save dil anter SALA
Expert Solution
GDP level in 2017=100
In 2018, GDP level increases from 100 to 104.2
In 2019, GDP level decreases from 104.2 to (1-0.008)104.2=103.3664
GDP level in 2019 is 103.3664
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