The Relationship Between the Level of Growth of an Economic $g _ { t } = \frac { y t } { y t - 1 }$

Multiple Choice

The relationship between the level of growth of an economic variable, gt, and its level, yt, is best approximated as

A) $g _ { t } = \frac { y t } { y t - 1 }$ .
B) $y t = \log g t - \log g t - 1$ .
C) $g t = \log y t - \log y t - 1$ .
D) $\log g t = y t - y t - 1$ .
E) $g t = \log y t + \log y t - 1$ .