Which formula below can be used to calculate both year-to-year economic growth (such s between 2019 and 2018) and economic growth for overlapping years (such as between 2019 and 2010)? In the formula, t-current year, 0=previous year, m: periodicity of the data (such as annual =1, quarterly =4), n: number of years between t and 0. O Real GDP - Real GDP Real GDP O O Economic growth (g) = Economic growth (g) = Economic growth (g) = Real GDP Real GDP Real GDP - Real GDP 0 Real GDP

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VENTIV
Which formula below can be used to calculate both year-to-year economic growth (such as between 2019 and 2018) and economic growth for overlapping years (such as between 2019 and 2010)?
In the formula, t-current year, 0=previous year, m: periodicity of the data (such as annual =1, quarterly =4), n: number of years between t and 0.
O
Economic growth (g) =
Economic growth (g) =
00
Economic growth (g) =
QUESTION 6
Year
2018
2019
O 1.33%
Ⓒ
2.00%
O 2.33%
O 1.23%
Real GDP - Real GDP
0
Real GDP
Real GDP
Real GDP.
0
m
Refer to table 1. At what rate, the U.S. economy grew between 2019 and 2018 or what was the economic growth in 2019?
Table 1
1
-1×100
Real GDP - Real GDP
1
0
20580
21429
Real GDP,
0
Nominal GDP (in bil. Real GDP (2012-100)
U.S.S)
(in bil. U.S.S)
18,638
19,073
Transcribed Image Text:VENTIV Which formula below can be used to calculate both year-to-year economic growth (such as between 2019 and 2018) and economic growth for overlapping years (such as between 2019 and 2010)? In the formula, t-current year, 0=previous year, m: periodicity of the data (such as annual =1, quarterly =4), n: number of years between t and 0. O Economic growth (g) = Economic growth (g) = 00 Economic growth (g) = QUESTION 6 Year 2018 2019 O 1.33% Ⓒ 2.00% O 2.33% O 1.23% Real GDP - Real GDP 0 Real GDP Real GDP Real GDP. 0 m Refer to table 1. At what rate, the U.S. economy grew between 2019 and 2018 or what was the economic growth in 2019? Table 1 1 -1×100 Real GDP - Real GDP 1 0 20580 21429 Real GDP, 0 Nominal GDP (in bil. Real GDP (2012-100) U.S.S) (in bil. U.S.S) 18,638 19,073
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