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A stock market boom causes consumer wealth to increase which results in consumer spending to increase. This increase results in real GDP increase from $28,000 to $31,000. What is the percent change in real GDP?

Respuesta :

Answer:

10.71 %

Explanation:

The percentage change formula:

[tex](\frac{GDP_{1} -GDP_{0} }{GDP_{0} }) 100\\percentage change = (\frac{31,000 - 28,000}{28,000} )100\\ \\=(\frac{3,000}{28,000})100\\=0.10714 * 100\\= 10.71 %[/tex]

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