Answer:
4.9%
Step-by-step explanation:
GDP is the growth domestic product of a country over a chosen time period
When the GDP growth rate is reported quarterly , you add together the four quarters for the year to find the annual GDP growth rate.
Given the four consecutive quarters as; 2% , 0.9%, 0.8% and 1.2%
Growth rate for the year will be;
[tex]=2+0.9+0.8+1.2=4.9[/tex]
4.9% is the annualized growth rate
Answer:
GDP Growth rate for the year = 4.9%
Step-by-step explanation:
Since the quarters are the 4 months of the year, and we have given the GDP growth rate of consecutive four quarters.
That means, GDP Growth rate of first four months = 2.0%
GDP Growth rate of next four months = 0.9%
GDP Growth rate of next four months = 0.8%
GDP Growth rate of next four months = 1.2%
Thus, GDP Growth rate for the year = 2.0% + 0.9% + 0.8% + 1.2% = 4.9%
