The following table gives real GDP figures for an economy for four years. Fill in the growth rate for each year, and then find the average annual growth rate for the period. Enter all answers as percentages rounded to one decimal place. The average annual growth rate for this period is Year 1999 2000 2001 2002 %. Real GDP 140 billion 151.2 billion 166.3 billion 176.3 billion Growth Rate (%) ☐☐☐ % %
The following table gives real GDP figures for an economy for four years. Fill in the growth rate for each year, and then find the average annual growth rate for the period. Enter all answers as percentages rounded to one decimal place. The average annual growth rate for this period is Year 1999 2000 2001 2002 %. Real GDP 140 billion 151.2 billion 166.3 billion 176.3 billion Growth Rate (%) ☐☐☐ % %
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 7PA
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![The following table gives real GDP figures for an economy for four years.
Fill in the growth rate for each year, and then find the average annual growth rate for the period.
Enter all answers as percentages rounded to one decimal place.
The average annual growth rate for this period is
Year
1999
2000
2001
2002
%.
Real GDP
140 billion
151.2 billion
166.3 billion
176.3 billion
Growth Rate (%)
%
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27bc84e6-8eeb-47b0-84b6-2af3688c3671%2F10184ede-eab9-4dd0-ade4-9af4bcc07a93%2Fwp2zkef_processed.png&w=3840&q=75)
Transcribed Image Text:The following table gives real GDP figures for an economy for four years.
Fill in the growth rate for each year, and then find the average annual growth rate for the period.
Enter all answers as percentages rounded to one decimal place.
The average annual growth rate for this period is
Year
1999
2000
2001
2002
%.
Real GDP
140 billion
151.2 billion
166.3 billion
176.3 billion
Growth Rate (%)
%
%
%
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