Table 10-1

-Refer to Table 10-1.Using the table above,what is the approximate average annual growth rate from 2010 to 2013?

Question

Table 10-1
 
-Refer to Table 10-1.Using the table above,what is the approximate average annual growth rate from 2010 to 2013?

Quizplus · Accepted Answer

To calculate the average annual growth rate from 2010 to 2013, we need to find the percentage increase from 2010 to 2011, 2011 to 2012, and 2012 to 2013, and then take the average of those three percentages. The percentage increases are:

- From 2010 to 2011: (8-6)/6 = 33.33%
- From 2011 to 2012: (9-8)/8 = 12.5%
- From 2012 to 2013: (11-9)/9 = 22.22%

Taking the average of those three percentages gives us: (33.33% + 12.5% + 22.22%)/3 = 22.68%/year, which is closest to choice C) 2%.

Table 10-1 -Refer to Table 10-1.Using the Table Above,what Is the Approximate