Multiple Choice
The relationship between the growth rate of an economic variable,gt,and its level,yt,can be approximated by
A) gt = yt - yt - 1.
B) gt = logt - log yt - 1.
C) yt = log gt - log gt - 1.
D) log gt = yt - yt - 1.
Correct Answer:
Verified
Correct Answer:
Verified
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