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Consider the following growth rates in real GDP: 2.35%, 3.46%, -2.78%, 4.25%, 3.47%. Find the average growth rate in real GDP using the geometric approach.
Consider the following growth rates in real GDP: 2.35%, 3.46%, -2.78%, 4.25%, 3.47%. Find the average growth rate in real GDP using the geometric approach. Make sure to express your answers as a percentage. Also, round your answers to the nearest 100th decimal points. For example. write 5.78 for 5.78%
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