Assume the following. In 2008, the U.S. had real GDP of $16.6 trillion and the CPI was at 90.72. At the end of 2018, real GDP in the U.S. was $20.4 trillion and the CPI was at 104.42. Calculate the compounded (i.e., geometric) growth rate for this 10-year period. (Use Excel to answer this question. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Real GDP Annualized Growth % CPI Annualized %
Assume the following. In 2008, the U.S. had real GDP of $16.6 trillion and the CPI was at 90.72. At the end of 2018, real GDP in the U.S. was $20.4 trillion and the CPI was at 104.42. Calculate the compounded (i.e., geometric) growth rate for this 10-year period. (Use Excel to answer this question. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Real GDP Annualized Growth % CPI Annualized %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Assume the following. In 2008, the U.S. had real GDP of $16.6 trillion and the CPI was at 90.72. At the end of 2018, real GDP in the U.S. was $20.4 trillion and the CPI was at 104.42. Calculate the compounded (i.e., geometric) growth rate for this 10-year period. (Use Excel to answer this question. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
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