Calculate the percentage annual growth rates

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In the second quarter of 2000, real GDP (measured in billions of 2000 dollars) was 9,847.9. In the second quarter of 2001, real GDP was 9,905.4, and in the third quarter of 2001, it was 9,871.1. Calculate the percentage annual growth rates between the second quarters of 2000 and 2001, and the second and third quarters of 2001. Interpret your results.

Reference no: EM132639944

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