Question
Assume the following. In 2008, the U.S. had real GDP of $17.6 trillion and the CPI was at 90.92. At the end of 2018, real
Assume the following. In 2008, the U.S. had real GDP of $17.6 trillion and the CPI was at 90.92. At the end of 2018, real GDP in the U.S. was $22.4 trillion and the CPI was at 105.42. Calculate the compounded (i.e., geometric) growth rate for this 10-year period.
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
