a. Calculate the growth rate of real GDP for each year from 1997 to 2001. The...
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a. Calculate the growth rate of real GDP for each year from 1997 to 2001. The growth rate of real GDP for 1998 = %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) The growth rate of real GDP for 1999 = The growth rate of real GDP for 2000 = The growth rate of real GDP for 2001 = | %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) b. Calculate the average annual growth rate of real GDP for the period from 1997 to 2001. Average annual growth rate= %. (Round your response to two decimal places.) Year 1997 1998 1999 2000 2001 RGDP (billions of 2005 dollars) $9,890 9,100 10,003 10,389 10,579 a. Calculate the growth rate of real GDP for each year from 1997 to 2001. The growth rate of real GDP for 1998 = %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) The growth rate of real GDP for 1999 = The growth rate of real GDP for 2000 = The growth rate of real GDP for 2001 = | %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) b. Calculate the average annual growth rate of real GDP for the period from 1997 to 2001. Average annual growth rate= %. (Round your response to two decimal places.) Year 1997 1998 1999 2000 2001 RGDP (billions of 2005 dollars) $9,890 9,100 10,003 10,389 10,579
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To calculate the growth rate of real GDP for each year we use the formula Growth Rate Final ... View the full answer
Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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