If a Country Grows at an Average Rate of 5

question 53

Multiple Choice

If a country grows at an average rate of 5 % per year over a 5 year period, then its compounded growth rate over that period is roughly:

• A) 27.6 %.
• B) 35.0 %.
• C) 32.7 %.
• D) 20.5 %.

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Definitions:

Variables

Elements or conditions that can change or vary within an experiment or study, potentially influencing the outcome.

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many physical and psychological attributes.

Distribution

In statistics, the way in which values of a variable or a set of data are spread or distributed across a range of values.

Physical Heights

The measurement of how tall or high something or someone is.