Question: Question 3 The following table provides data on the growth rates of GDP for several years where GDP is calculated using prices for pairs of

Question 3 The following table provides data on
Question 3 The following table provides data on the growth rates of GDP for several years where GDP is calculated using prices for pairs of years. Growth Rates for Years Prices Used 2016 2017 2018 2019 2020 2015 prices 24 2016 prices 3.6 3.2 2017 prices 2.4 3.5 2018 prices 3.5 2.6 2019 prices 1.6 3.6 2020 prices 2.8 (a) Using the chain-weighted approach, what is the growth rate of

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