The growth rate of a variable is measured by
A)the amount the variable changes.
B)the change in the variable divided by the variable's new level.
C)the variable's new level divided by its initial level.
D)the change in the variable divided by the variable's initial level.
E)the variable's initial level divided by its new level.

Question

Quizplus · Accepted Answer

The growth rate of a variable is measured by the change in the variable (new level minus initial level) divided by the variable's initial level. This formula provides the percentage change in the variable over time, aka the growth rate.

The Growth Rate of a Variable Is Measured by