Question: what is the formula to calculate the percentage change in gdp from 2011 to 2012?
Answer: GDP Growth Rate = Year 2 – Year 1 x 100 Year 1 b. What is the percentage change in nominal GDP from 2010 to 2011? (8,866—8,000/8,000 ) x 100 = 10.83% c. What was the percentage change in nominal GDP from 2011 to 2012? (9650—8,866/8,866) x 100 = 8.84% d.