Answer to Question #212890 in Economics for Olyver Aseri

Question

An Economy has grown at 5 percent in the first year, 6 percent in the second Year, 4.5 percent in the third year, 3 percent in the fourth year and 7.5 percent in the fifth year. What is the average rate of growth of the economy during the five years?

Answer 1

Average rate of growth of the economy during the five years (5+6+4.5+3+7.5) / 5 = 5.2%