In 2000, world GDP per capita was $5,500. In 2010, world GDP per capita was $9,500.
-Refer to the scenario above. What formula would you use to calculate the world average annual growth rate g?
A) g = (9,500 - 5,500) /10
B) g10 = (9,500 - 5,500)
C) 5,500 × (1 + g) 10 = 9,500
D) 9,500 × (1 + g) 10 = 5,500
Correct Answer:
Verified
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