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:

Limnologist

A scientist who specializes in the study of inland waters, including the biological, chemical, physical, and geological characteristics and processes of lakes and rivers.

Surface Water Temperatures

The temperatures recorded at the surface of bodies of water, such as lakes, rivers, and oceans, which can vary widely based on geographical location, season, and time of day.

Sales Trend

The general direction in which sales revenue moves over a period of time, indicating either growth, stability, or decline.

Histogram

A graphical representation of the distribution of numerical data, where the data is divided into intervals or "bins," and the frequency of data within each bin is depicted.