Kindly provide a correct answer and a detailed explanation; otherwise, I will have to give multiple downvotes. Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. The following graph shows the income growth rate of a company over several years.Which is the best description of this data?IncomeGrowthRate (%)13.012.512.011.511.010.510.0Year201620172018O a) The income growth rate increases, then it decreases.O b) The income growth rate increases, then it doesn't change.The income growth rate increases quickly, then it decreasesslowly.The income growth rate decreases slowly, then it increasesO d)quickly.e)The income growth rate increases slowly, then it decreasesquickly.Of) The income growth rate doesn't change, then it decreases.g) The income growth rate doesn't change, then it increases.

Income(Y) growth rate refers to the percentage(%) increase in the given company's total earnings…

Answered: The following graph shows the income…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Kindly provide a correct answer and a detailed explanation; otherwise, I will have to give multiple downvotes. Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

The following graph shows the income growth rate of a company over several years.
Which is the best description of this data?
Income
Growth
Rate (%)
13.0
12.5
12.0
11.5
11.0
10.5
10.0
Year
2016
2017
2018
O a) The income growth rate increases, then it decreases.
O b) The income growth rate increases, then it doesn't change.
The income growth rate increases quickly, then it decreases
slowly.
The income growth rate decreases slowly, then it increases
O d)
quickly.
e)
The income growth rate increases slowly, then it decreases
quickly.
Of) The income growth rate doesn't change, then it decreases.
g) The income growth rate doesn't change, then it increases.

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