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If GDP Per Capita in Year T Is Represented by YT

Question 9

Multiple Choice

If GDP per capita in year T is represented by YT and the GDP per capita in the following year is represented by YT₊₁,then the formula for calculating the growth rate between these two years is ________.


A) (YT₊₁/YT) /100
B) (YT₊₁ − YT ) /YT
C) (YT₊₁ + YT) /YT
D) (YT₊₁ + YT) /YT₊₁

Correct Answer:

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