Answer:
since there is not enough room here I used an excel spreadsheet
Explanation:
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 = 
The last value = $800
The initial value = $400
n = number of years
Growth rate = 
= 
= 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
brainly.com/question/1383956
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Answer: Take the hits bro. Then call her parents
Explanation: Memes that slap harder than my dads belt!!!! Lol
Real GDP will increase ONLY WHEN OUTPUT INCREASES. Increase in GDP indicates economic growth. Real GDP is a measure of the economic output adjusted for inflation. GDP is very important because it can be used to estimate the value of total spending in an economy.