Table 22-3
-Refer to Table 22-3. Use the table above to calculate the annual growth rate in GDP. Also calculate the total percentage change in the growth from 2015 through 2018. Explain the difference between the average annual growth rate in real per capita GDP from 2015 through 2018 and the total percentage change in growth from 2015 and 2018.
Definitions:
Wealth
Money and economic assets that a person or family owns.
Income
Amount of money a person receives, usually through wages or salaries.
Stocks
Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.
Property
Legal rights or interests over physical objects, land, or intellectual creations, entitling the owner to use, sell, or lease them.
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