Answer: The percentage change in GDP over this time period is about 4.14%.
Step-by-step explanation:
Given: The approximate nominal GDP in 2010 = $14.5 trillion
The approximate nominal GDP in 2011 = $15.1 trillion
Now, the change in GDP over this period = [tex]\text{$15.1 trillion-$14.5 trillion=$0.6 trillion}[/tex]
The percentage change in GDP over this time period will be :
[tex]\dfrac{\text{change in GDP }}{\text{GDP in 2010}}\times100\\\\=\dfrac{0.6}{14.5}\times100=4.1379310\approx4.14\%[/tex]
Hence, the percentage change in GDP over this time period is about 4.14%.
