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Growth Rates and the Rule of 70
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Growth Rates and the Rule of 70
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13. Productivity and Economic Growth / Growth Rates and the Rule of 70 / Problem 9
Problem 9
When calculating GDP growth, why is it important to distinguish between percentage values and their decimal equivalents?
A
To ensure all calculations are done in percentages.
B
To ensure accurate calculations and avoid incorrect results.
C
To make calculations more complex.
D
To simplify the calculation process.
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