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Q.

The formula to calculate economic growth from 2001 to 2002 is given by

[A] [(GDP2002 + GDP2001)/ GDP2001]*100

[B] [(GDP2002 – GDP2001)* GDP2001]*100

[C] [(GDP2002 – GDP2001)/ GDP2001]*100

[D] [GDP2001 – GDP2002]*100

Answer & Explanation
Answer: Option [C]

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