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Question

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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