Question
An economy has grown at 5 percent in the first year, 6 percent in the second year, 4.5 percent in the third year, 3 percent
An economy has grown at 5 percent in the first year, 6 percent in the second year, 4.5 percent in the third year, 3 percent in the fourth year and 7.5 percent in the fifth year. What is the average rate of growth of the economy during the five years?
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
