Question: State whether the following statement is true orfalse, and explain why. If the statement isfalse, state the true change. If the national economy shrank at

State whether the following statement is true orfalse, and explain why. If the statement isfalse, state the true change.

If the national economy shrank at an annual rate of 10% per year for three consecutiveyears, then the economy shrank by 30% over the three-year period.

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