Question
What is the average growth rate of each country between 1970 and 2017? Calculate the growth rate of each year using the exact formula and
What is the average growth rate of each country between 1970 and 2017? Calculate the growth rate of each year using the exact formula and take the average of all rates.
I am a bit stuck on this can someone explain how I would go about this question in excel?
| Year | DNK | URY |
|---|---|---|
| 1970 | 19504 | 7792 |
| 1971 | 19837 | 7826 |
| 1972 | 20615 | 7633 |
| 1973 | 21590 | 7921 |
| 1974 | 20562 | 7726 |
| 1975 | 20238 | 7919 |
| 1976 | 21624 | 8063 |
| 1977 | 22055 | 7900 |
| 1978 | 22785 | 8330 |
| 1979 | 23451 | 8993 |
| 1980 | 22918 | 9501 |
| 1981 | 21906 | 9617 |
| 1982 | 22175 | 8584 |
| 1983 | 22387 | 7690 |
| 1984 | 23032 | 7513 |
| 1985 | 23631 | 7456 |
| 1986 | 25218 | 8382 |
| 1987 | 25267 | 9144 |
| 1988 | 25099 | 9101 |
| 1989 | 25346 | 9123 |
| 1990 | 25711 | 8919 |
| 1991 | 25825 | 9277 |
| 1992 | 26434 | 10308 |
| 1993 | 26015 | 10686 |
| 1994 | 27349 | 11596 |
| 1995 | 28258 | 11452 |
| 1996 | 29179 | 12088 |
| 1997 | 31318 | 12217 |
| 1998 | 32772 | 12433 |
| 1999 | 33525 | 11725 |
| 2000 | 34925 | 11070 |
| 2001 | 34668 | 10500 |
| 2002 | 34713 | 9572 |
| 2003 | 34175 | 9502 |
| 2004 | 35938 | 9845 |
| 2005 | 37055 | 10227 |
| 2006 | 39692 | 10887 |
| 2007 | 41255 | 12003 |
| 2008 | 42729 | 13373 |
| 2009 | 41128 | 14488 |
| 2010 | 43207 | 16437 |
| 2011 | 43852 | 17977 |
| 2012 | 43647 | 18675 |
| 2013 | 43948 | 19639 |
| 2014 | 43996 | 20209 |
| 2015 | 45766 | 20061 |
| 2016 | 47009 | 20315 |
| 2017 | 49607 | 20607 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
