Multiple Choice
Which of the following is true of the compound annual growth rate?
A) It reflects average annual growth over a period of multiple years.
B) It reflects total annual growth over a period of multiple years.
C) It reflects average annual growth for a year as compared to the previous year.
D) It reflects total annual growth for a year as compared to the previous year.
Correct Answer:
Verified
Correct Answer:
Verified
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