Solved

If a Country Grows at an Average Rate of 3

Question 28

Multiple Choice

If a country grows at an average rate of 3.5 % per year over a ten year period, then its compounded growth rate over that period is roughly:


A) 41.0%.
B) 35.0%.
C) 32.7 %.
D) 45.0 %.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents