Question: Use the following table to answer the questions. Year ___________________ Real GDP (billions of 2009 dollars) 1990 ..............................................$8,955 1991 ..............................................8,948 1992 ..............................................9,267 1993 ..............................................9,521 1994

Use the following table to answer the questions.

Year ___________________ Real GDP (billions of 2009 dollars)

1990 ..............................................$8,955

1991 ..............................................8,948

1992 ..............................................9,267

1993 ..............................................9,521

1994 ..............................................9,905

a. Calculate the growth rate of real GDP for each year from 1991 to 1994.

b. Calculate the average annual growth rate of real GDP for the period from 1991 to 1994.

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