Explain to me how to calculate average annual growth rate please? In 1960Q3, real GDP per capital
Fantastic news! We've Found the answer you've been seeking!
Question:
Explain to me how to calculate average annual growth rate please?
In 1960Q3, real GDP per capital was $17,223. In 2017Q3, real GDP was per capita $52,605. What was the average annual growth rate over this period?
A 1.93%
B 3.6%
C 5.3%
D 1.97%
Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells , Iris Au , Jack Parkinson
Posted Date: