Answered: Find the growth rate of an economy if…

Find the growth rate of an economy if it's gross domestic product rose from $500,000 to $880,000 from 1998 to 1999. O 76% O 43% O 275% O 156%

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 12SCQ: Why dues productivity growth in high-income economies not slow down as it runs into diminishing...

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Question

Find the growth rate of an economy if it's gross domestic
product rose from $500,000 to $880,000 from 1998 to
1999.
O 76%
O 43%
O 275%
O 156%

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