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2 years ago

What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979

Business

1 answer:

borishaifa [10]2 years ago

4 0

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = $(\frac{last value}{initial value} )^{\frac{1}{n} } -1$

The last value = $800

The initial value = $400

n = number of years

Growth rate = $(\frac{800}{400} )^{\frac{1}{22} } -1$

= $(2)^{\frac{1}{22} } -1$

= 1.032 - 1

= 0.032

Growth rate % = 0.032×100

= 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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Hi, well, the problem here is that we have different discount rates, in other words the required rate of return for the stock changes several times, therefore we are going to break this problem in 3 parts, or bring to present value all the cash flows in 3 steps. Let´s start with the value of the dividends.

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Best of luck.

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