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The Growth Rate of Any Variable Y Between Periods T (yt+1−yt)/yt\left( y _ { t + 1 } - y _ { t } \right) / y _ { t }

Question 15

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The growth rate of any variable y between periods t and t + 1 is the percent change in that variable, given by (yt+1−yt)/yt\left( y _ { t + 1 } - y _ { t } \right) / y _ { t } .

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