The implicit gdp deflator was 100.0 in 2001 and 106.3 in, Ask an Expert

Economics

Calculating the average annual growth rate

If GDP at current market prices was £994.3 billion in 2001, and £1,099.9 billion in 2003. The implicit GDP deflator was 100.0 in 2001 and 106.3 in 2003. Illustrate what is the average annual growth rate in each case?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M921500

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