The United States manufacturing output per hour index is given as follows for years 2005 to 2009:
Question:
The United States manufacturing output per hour index is given as follows for years 2005 to 2009:
a. For each year from 2006 to 2009, determine the rate of increase in U.S. manufacturing output per hour in percent to two decimal places.
b. Since this index, like inflation, is compounded from period to period (e.g., year to year), estimate the overall annual rate of increase in U.S. manufacturing output per hour from 2005 to 2009.
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Related Book For 
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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