Small differences in annual growth rates of real GDP generate large differences in real GDP over time because of the

Name: Small differences in annual growth rates of real GDP generate large differences in real GDP over time because of the
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The power of compound growth means that small differences in annual growth rates of real GDP can accumulate over time and lead to large differences in real GDP. This is because the growth rate is applied to a larger base each year, resulting in exponential growth.

Small Differences in Annual Growth Rates of Real GDP Generate