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Assume the following. In 2008, the US. had real GDP of $16.9 trilion and the CPI was at 90.78. At the end of 2018, real
Assume the following. In 2008, the US. had real GDP of $16.9 trilion and the CPI was at 90.78. At the end of 2018, real GDP in the U.S. was $210 trillion and the CPI was at 104.72. Calculate the compounded (L.e, geometric) growth rate for this 10-year period. (Use Excel to onswer this question. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal ploces.)
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