To calculate the growth in gdp use the compounding growth, Ask an Expert

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To calculate the growth in GDP, use the compounding growth function: p0 x (1+ r)t where p0 is the original value of 100, r is the growth rate (for example, a growth rate of 2.1% (Canadian GDP) has a decimal equivalent of r = 0.021), and t is the number of years of growth (10 years in this case).

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91068093

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