This topic contains a solution. Click here to go to the answer
« previous next »

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 102 times)

billyboy7272

  • Full Member
  • ***
  • Posts: 149
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by billyboy7272 on Nov 23, 2022

viper01

  • Full Member
  • ***
  • Posts: 160
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.
Answer Preview
Only 56% of students answer this correctly


billyboy7272

  • Member
  • Posts: 149
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library