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Answer Posted / girija nimgaonkar
((GDP 2003/GDP 2002)-1)*100 WILL GIVE YOU THE PERCENTAGE
GROWTH IN GDP IN YEAR 2003 OVER AND ABOVE THAT IN YEAR 2002
E.G. GDP -2003 2002
1430548 1318362
GDP GROWTH= ((1430548/1318362)-1)*100=8.51
MOST OF THE METHODS DISCUSSED ABOVE CALCULATE GDP AND NOT
GDP GROWTH...
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