If real GDP grows by 3% in 2014,3.2% in 2015,and 2.5% in 2016,what is the average annual growth rate of real GDP?

Name: If real GDP grows by 3% in 2014,3.2% in 2015,and 2.5% in 2016,what is the average annual growth rate of real GDP?
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Question

Quizplus · Accepted Answer

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

Average annual growth rate = (3% + 3.2% + 2.5%) / 3 = 2.9%

Therefore, the best choice is B) 2.9%.

If Real GDP Grows by 3% in 2014,3