Calculate the annual percentage growth rates in the years 1950 through 1970 directly, use as an approximation
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Question:
Calculate the annual percentage growth rates in the years 1950 through 1970 directly, use as an approximation 100 * (log y1 - log yt - 1), where yt is real per capita GDP in year t and log represents the natural logarithm.
Year per capita real GDP
1950 16,009
1960 19, 371
1970 26, 560
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