The rate of economic growth in the United States, between 2010 and 2011 was 5.22%.
The percentage change in the value of real GDP across comparative periods is known as the rate of economic growth or the economic growth rate. After accounting for the impacts of inflation, a country's real GDP assesses the products and services produced during that time.
The economic growth rate provides a long-term comparison of the state of the US economy.
The calculations for the data provided:
2010's Real per Capita Gross Domestic Product = $46,000
2011's Real per Capita Gross Domestic Product = $48,400
Increase in Real per Capital Gross Domestic Product = $2,400 ($48,400 - $46,000)
The rate of economic growth or Economic Growth Rate = 5.22% ($2,400/$46,000 x 100)
Thus, between 2010 and 2011, the rate of economic growth in the United States was 5.22%.
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