Explain to me how to calculate average annual growth rate please? In 1960Q3, real GDP per capital

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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 answer-question

Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells , Iris Au , Jack Parkinson

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Posted Date: Feb 15, 2019 09:11 AM

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Explain to me how to calculate average annual growth rate please? In 1960Q3, real GDP per capital

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Correct option is B 36 From quarter 3 of 1960 to quarter 3 of 2017 there are 57 ... View the full answer

Macroeconomics

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