Question
1.) Italy's real GDP in 1950 was $3171.70 and its real GDP in 2015 was $17,539.87 (with the GDP expressed in 1990 dollars).Using the Compound
1.) Italy's real GDP in 1950 was $3171.70 and its real GDP in 2015 was $17,539.87 (with the GDP expressed in 1990 dollars).Using the Compound Annual Growth Rate (CAGR), how fast did Italy grow on average each year from 1950 to 2015? Round your final answer to the nearest 10th.
______________% annual growth
2.) India's real GDP in 1950 was $619.00 and its real GDP in 2015 was $4,354.44 (with the GDP expressed in 1990 dollars).Using the Compound Annual Growth Rate (CAGR), how fast did India grow on average each year from 1950 to 2015? Round your final answer to the nearest 10th.
___________________%
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
