Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 8 The GDP of South Africa in 1950 was 77,836.88 million dollars. In 2019 it was 748,861 million dollars. What has been the average

image text in transcribed
QUESTION 8 The GDP of South Africa in 1950 was 77,836.88 million dollars. In 2019 it was 748,861 million dollars. What has been the average annual growth rate of GDP for South Africa during the period 1950 to 20197 Use growth compounding to calculate the number. 0.0334

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

5th edition

9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292

Students also viewed these Economics questions