alleryStart learning →CAGR is used for annualized growth of economic data such as?
AAverage land area
BGross domestic product
CLegal voting age limit
DWater boiling points
Answer & Solution
Correct answer: B. Gross domestic product
GDP is a growing economic series, so its mean annual growth is computed as a CAGR.
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Related questions
Forecasting with CAGR multiplies the last value by what, once per year?CAGR is a good method to compare which of the following over several years?CAGR smooths the effect of what in periodic values?CAGR represents the mean ___ growth rate of compounding values.A loan whose every payment covers interest and principal is called?In Indian banking usage, EMI stands for?In the EMI formula, a 12% annual rate is used monthly as?Unlike an EMI loan, a variable payment plan lets the borrower?