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Consider the following statistics: From 2010 to 2011 GDP grew by 2.3%. From 2011 to 2012 GDP
grew by 1.5% From 2012 to 2013 GDP grew by 1.8% From 2013 to 2014 GDP grew by 2.4%
What was the average growth rate from 2010 to 2014? % (Use the nearest whole number) Using
the average growth rate you just found, how long will take this economy double? years. (Use the
nearest whole number)

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  • 1. Consider the following statistics: From 2010 to 2011 GDP grew by 2.3%. From 2011 to 2012 GDP grew by 1.5% From 2012 to 2013 GDP grew by 1.8% From 2013 to 2014 GDP grew by 2.4% What was the average growth rate from 2010 to 2014? % (Use the nearest whole number) Using the average growth rate you just found, how long will take this economy double? years. (Use the nearest whole number)