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 18 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
Great answer, keep it coming :)

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
Infant: 4 weeks to 1 year. Infant: 4 weeks to 1 year.
Hospitalization per year Hospitalization per year
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Annual Energy Flow: Silver Springs Annual Energy Flow: Silver Springs
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Isovolumetric VC, Ventricular ejection, Isovolumetric & Passive ventricular filling

For a complete list of videos, visit our video library