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Author Question: If real GDP grows by 2.7% in year 1, 2.5% in year 2, and 2.9% in year 3, what is the average annual ... (Read 9 times)

billyboy7272

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on: Nov 23, 2022

Question 1


YearReal GDP (billions)
   1         $9010
   2           9380
   3           9885
   4           10,150
Refer to the table. Using the data in the table, what is the approximate total growth rate of real GDP from Year 1 to Year 4? (Round to the nearest tenth.)
◦ 12.7%
◦ 11.3%
◦ 11.4%
◦ 11.2%

Question 2

If real GDP grows by 2.7% in year 1, 2.5% in year 2, and 2.9% in year 3, what is the average annual growth rate of real GDP for those three years? (Round to the nearest tenth when appropriate.)
◦ 3.2%
◦ 8.1%
◦ 2.5%
◦ 2.7%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by billyboy7272 on Nov 23, 2022

viper01

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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billyboy7272

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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