To calculate the growth rate in the GDP during the first trimester of 2009 using the methods mentioned:
1. Preceding period method:
Growth rate = ((GDP in the first trimester of 2009 - GDP in the first trimester of 2008) / GDP in the first trimester of 2008) x 100
Growth rate = ((65,232 - 66,593) / 66,593) x 100
Growth rate = (-1,361 / 66,593) x 100
Growth rate = -0.0204 x 100
Growth rate = -2.04%
2. Preceding period at annual rates method:
Growth rate at annual rates = (GDP in the first trimester of 2009 / GDP in the first trimester of 2008) - 1
Growth rate at annual rates = (65,232 / 66,593) - 1
Growth rate at annual rates = 0.9795 - 1
Growth rate at annual rates = -0.0205
Growth rate at annual rates = -2.05%
3. Same period of the preceding year method:
Growth rate = ((GDP in the third trimester of 2008 - GDP in the first trimester of 2008) / GDP in the first trimester of 2008) x 100
Growth rate = ((66,838 - 66,593) / 66,593) x 100
Growth rate = (245 / 66,593) x 100
Growth rate = 0.0037 x 100
Growth rate = 0.37%
Therefore, the growth rate in the GDP during the first trimester of 2009 is as follows:
- 2.04% using the preceding period method
- 2.05% using the preceding period at annual rates method
- 0.37% using the same period of the preceding year method.
The table below provides the GDP (in R 1 000 000) in real terms for each trimester during 2008 and 2009.
2008
I 66 593
II 67 003
III 66 838
2009 I 65 232
II 66 694
III 68 381
Determine the growth rate in the GDP during the first trimester of 2009 by using the method of current period on the:
19.1 Preceding period.
19.2 Preceding period at annual rates.
19.3 Same period of the preceding year.
1 answer
1 answer