If GDP grew 3% in 2015, 2.8% in 2016 and 2.4% in 2017, then what is the average annual growth rate over this period?

Name: If GDP grew 3% in 2015, 2.8% in 2016 and 2.4% in 2017, then what is the average annual growth rate over this period?
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Question

Quizplus · Accepted Answer

To find the average annual growth rate, we need to take the average of the three annual growth rates.

Average annual growth rate = (3% + 2.8% + 2.4%) / 3 = 2.73%

Therefore, the best choice is B, which is 2.7%.

If GDP Grew 3% in 2015, 2