As a result of a coup d'etat in 2016, President Trump was overthrown by revolutionary leader, Kylee H., who then took political power in the U.S. Suppose that, because Kylee H. did such a good job as a president, she also won the 2020 presidential elections. Table 3 below provides hypothetical economic data for 2017-2025, the years over which her policies are likely to be judged. Table 3 Year

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Question 30
As a result of a coup d'etat in 2016, President Trump was overthrown by revolutionary leader,
Kylee H., who then took political power in the U.S. Suppose that, because Kylee H. did such a
good job as a president, she also won the 2020 presidential elections. Table 3 below provides
hypothetical economic data for 2017-2025, the years over which her policies are likely to be
judged.
Table 3
Year
Real GDP
Real GDP
GDP
Infl.
(Trillions of 2009 S)
Growth
deflator
2017
13.02
4.50%
114.8
3.0%
2018
13.65
4.84%
119.2
2019
14.23
4.25%
124.5
4.6%
2020
14.82
4.15%
130.7
5.0%
2021
15.14
2.16%
137.4
5.1%
2022
15.28
0.92%
143.7
4.6%
2023
15.54
1.70%
148.9
3.6%
2024
15.91
2.38%
152.6
2025
ト 16.48
3.58%
156.4
2.5%
Refer to table 3. What is the annualized growth rate of real GDP during the Kylee H.
administration (2017 - 2025)?
O 3.49%
3.99%
2.49%
O 2.99%
Transcribed Image Text:secured#lockdown Question 30 As a result of a coup d'etat in 2016, President Trump was overthrown by revolutionary leader, Kylee H., who then took political power in the U.S. Suppose that, because Kylee H. did such a good job as a president, she also won the 2020 presidential elections. Table 3 below provides hypothetical economic data for 2017-2025, the years over which her policies are likely to be judged. Table 3 Year Real GDP Real GDP GDP Infl. (Trillions of 2009 S) Growth deflator 2017 13.02 4.50% 114.8 3.0% 2018 13.65 4.84% 119.2 2019 14.23 4.25% 124.5 4.6% 2020 14.82 4.15% 130.7 5.0% 2021 15.14 2.16% 137.4 5.1% 2022 15.28 0.92% 143.7 4.6% 2023 15.54 1.70% 148.9 3.6% 2024 15.91 2.38% 152.6 2025 ト 16.48 3.58% 156.4 2.5% Refer to table 3. What is the annualized growth rate of real GDP during the Kylee H. administration (2017 - 2025)? O 3.49% 3.99% 2.49% O 2.99%
Expert Solution
Step 1

Use the below formula to calculate annualized growth rate:

Annualized growth rate = Real GDP at 2025Real GDP at 20171Number of years-1

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