Calculate the economic growth rate for each year

Reference no: EM131805832

Use the table to answer the following questions (note: the second column is measuring real GDP, and the figure at the top of that column is 1075)

Year	billions of dollars in constant prices
2012	1075
2013	1120
2014	1160
2015	1175
2016	1200

a. Calculate the economic growth rate for each year from 2012 to 2016.

b. Calculate the average annual economic growth rate for the period 2012 to 2016.

Reference no: EM131805832

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