Price in Quantity in Price in Product Quantity in Price in Quantity in 2009 2009 2019 2019 2020 2020 A 10 8 12 10 13 14 B 6 13 8 9 9 20 C 14 17 17 17 17 21 D 13 11 14 10 13 13 The table above shows the quantities of Goods A-D produced and their prices in 2009, 2019 and 2020. The base year is 2009. Calculate the economic growth rate in 2020. (Enter your answer as a percentage rounded to 2 decimal places. Do not put the percent sign.) Your Answer: Answer

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
Price in
Quantity in Price in
Product
Quantity in
Price in
Quantity in
2009
2009
2019
2019
2020
2020
A
10
8
12
10
13
14
B
6
13
8
9
9
20
C
14
17
17
17
17
21
D
13
11
14
10
13
13
The table above shows the quantities of Goods A-D produced and their prices in
2009, 2019 and 2020. The base year is 2009.
Calculate the economic growth rate in 2020. (Enter your answer as a percentage
rounded to 2 decimal places. Do not put the percent sign.)
Your Answer:
Answer
Transcribed Image Text:Price in Quantity in Price in Product Quantity in Price in Quantity in 2009 2009 2019 2019 2020 2020 A 10 8 12 10 13 14 B 6 13 8 9 9 20 C 14 17 17 17 17 21 D 13 11 14 10 13 13 The table above shows the quantities of Goods A-D produced and their prices in 2009, 2019 and 2020. The base year is 2009. Calculate the economic growth rate in 2020. (Enter your answer as a percentage rounded to 2 decimal places. Do not put the percent sign.) Your Answer: Answer
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