If GDP grew 3% in 1970,2.2% in 1971 and 2.5% in 1972 then,what is the average annual growth rate over this period?

Name: If GDP grew 3% in 1970,2.2% in 1971 and 2.5% in 1972 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 find the average of the growth rates in each year. To do this, we add up the growth rates and divide by the total number of years:

(3% + 2.2% + 2.5%) / 3 = 2.6%

Therefore, the answer is C) 2.6%.

If GDP Grew 3% in 1970,2