The Following Time-Series Plot Presents the Population Growth (In Percent)

question 82

Multiple Choice

The following time-series plot presents the population growth (in percent) of a suburb of Atlanta, Georgia for each of the years 1990 through 2009. Estimate the amount by which the rate of growth changed from 1993 to 1995 .

• A) about 2.9 percentage points
• B) about 2.1 percentage points
• C) about 1.4 percentage points
• D) about 3.0 percentage points

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Definitions:

Consume

The act of using up a resource or goods, or the process of buying and using products and services.

Inflation Rate

The percentage increase in the general price level of goods and services in an economy over a period of time.

Nominal Interest Rate

The interest rate before adjustments for inflation, reflecting the rate at which money borrowed today can grow over time.

Real Rate Of Interest

The interest rate adjusted for inflation, indicating the true cost of borrowing or the true yield on an investment.