Question: K State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the national
K State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the national economy shrank at an annual rate of 9% per year for four consecutive years, then the economy shrank by 36% over the four-year period. B. The statement is false because each year there is a different reference value. The economy actually shrank by% over the four-year period
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