Answered: GDP at 1990 Market Prices ($m) 120,140…

GDP at 1990 Market Prices ($m) 120,140 120,207 127,250 139,840 Source: Singapore Dept. of Statistics a. Calculate the annual growth rate of the Singapore economy.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4 The following table shows Singapore's GDP from 1997 to 2000.
1997
1998
1999
2000
GDP at 1990 Market Prices ($m) 120,140 120,207 127,250 139,840
Source: Singapore Dept. of Statistics
a. Calculate the annual growth rate of the Singapore economy.
b. Comment on the annual growth rate of the economy.

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