Question

During which time period was the annual rate of increase of the speed the greatest? a) from year 1 to year 2 b) from year 1 to year 3 c) from year 1 to year 4 d) from year 1 to year 5

Answer 1

The annual rate will increase with the greatest speed from year 1 to year 3.

What is the growth rate?

A growth rate is the proportion that changes the price of all goods and services produced in a country over a specific time period in comparison to a previous period.

The growth rate is used to measure the comparative fitness of an economic system over time. The numbers are commonly compiled and announced quarterly and annually.

From 1948 to 2021, the GDP Annual Growth Rate in the United States averaged 3.14 percent, with an all-time high of 13.4 percent in the fourth sector of 1950.

From the above declaration, it's clear that choice C, year 1 to year 3, is the proper option.

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