Question 5

Use the data file world bank population data.xls which has the population totals for countries and regions in the world.

a.

Calculate the average growth rate of the population per year using continuous growth for China, Germany, Japan and the U.S. between 1960 and 2020.

b.

Calculate the average growth rate of the population per year using continuous growth for China, Germany, Japan and the U.S. between 2010 and 2020.

c. How do the long-term growth rates (1960-2020) compare to the more recent ones (2010-2020)?