if the real output of an economy were to increase from2000 billion to 2100 billion in 1 year, the rate of growth would be

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if the real output of an economy were to increase from2000 billion to 2100 billion in 1 year, the rate of growth would be

2100*100/2000= 105%. So the growth rate is 105%-100%=5% per year.

Expert answered|shifa saleheen|Points 7302|

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Asked 11/12/2011 2:50:37 PM

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