Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
By looking at the graph what would you say the mean growth rate is over the sixteen years of Apple's revenue?
![400
380
360
340
320
300
280
260
240
220
200
180
160
140
120
100
80
60
40
20
0
37.442.9
24.01
APPLE INC Revenue History (Billion)
65.23
108.2
156.5
170.9
233.72
182.8
229.2
215.6
265.60.1
274.5
394.33
365.8
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a6e4794-5644-431d-9e96-b37fbaf0b60a%2Fc4ead98a-c178-4a9b-8a72-490d2dbaa389%2F14d7k95_processed.jpeg&w=3840&q=75)
Transcribed Image Text:400
380
360
340
320
300
280
260
240
220
200
180
160
140
120
100
80
60
40
20
0
37.442.9
24.01
APPLE INC Revenue History (Billion)
65.23
108.2
156.5
170.9
233.72
182.8
229.2
215.6
265.60.1
274.5
394.33
365.8
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
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