Question:
Using the following table,
Year Population of the Economy GDP of the Economy (in crore) 2010 20,000 25,000 2020 25,000 40,000
the average growth rate (compounded annually) of per capita GDP in an economy during the period 2010-2020 is ________ (in percent, round off to 2 decimal places).
Using the following table,
the average growth rate (compounded annually) of per capita GDP in an economy during the period 2010-2020 is ________ (in percent, round off to 2 decimal places).
| Year | Population of the Economy | GDP of the Economy (in crore) |
| 2010 | 20,000 | 25,000 |
| 2020 | 25,000 | 40,000 |
the average growth rate (compounded annually) of per capita GDP in an economy during the period 2010-2020 is ________ (in percent, round off to 2 decimal places).
Updated On: Oct 1, 2024
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Correct Answer: 2.49
Solution and Explanation
The correct answer is: 2.49 or 2.51 (approx.)
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