Anonymous

Could The Difference Between A 2.5 Percent And A 3 Percent Annual Growth Rate Be Of Great Significance Over Several Decades?

3

3 Answers

PR Garpttsr Profile
PR Garpttsr answered
Therefore, 0.5 percent means a lot of money and a lot of economic activity. Furthermore, over the long term the effect multiplies therefore if Country A had 2.5% growth while B had 3% growth then starting at 100, in ten years A would have 128 while B would have 134 a 6% more increase from ten years ago.
Anonymous Profile
Anonymous answered
Could the difference between a 2.5 % and a 3% annual growth rate be of great significance over several decades?
Anonymous Profile
Anonymous answered
Gdp is $30,000 in year 1 and $31,000 in year 2. What is the growth rate of its real gdp?

Answer Question

Anonymous