Question: In exercise 6, the correct way to compute the average growth rate is to apply equation (3.9). An alternativebut incorrectway is to take the percentage

In exercise 6, the correct way to compute the average growth rate is to apply equation (3.9). An alternative€”but incorrect€”way is to take the percentage change divided by the number of years: for example,

Compute the growth rates with this formula; they should be substantially different from what you got before. What is the explanation for this difference?

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