In 2000, real GDP in a country was $20 trillion and the GDP deflator was 100. In

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In 2000, real GDP in a country was $20 trillion and the GDP deflator was 100. In 2020, real GDP was $28 trillion and the GDP deflator was 120. What would be the average annual rate of economic growth from 2000 to 2020? Note that ^ is the symbol for an exponent. Choice 1 of 4:((120 - 100)/100)) 100 Choice 2 of 4:((28 - 20)/20) 100 Choice 3 of 4:((120/100)^(1/20) -1) 100 Choice 4 of 4:((28/20)^(1/20) -1) 100

Posted Date: Jul 02, 2024 01:18 AM

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In 2000, real GDP in a country was $20 trillion and the GDP deflator was 100. In

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