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Suppose that a firm produces: Q = 127 units of a good in 2017 and then...

Suppose that a firm produces: Q = 127 units of a good in 2017 and then produce Q = 136 units in 2018. What is the percent growth rate between 2017 and 2018? (round to 2 decimal places after converting to a percent)

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Growth rate =(( production of year 2 - production of year 1)/production of year 1)*100

Growth rate =((136-127)/127)*100

=7.08661417

=7.09%

the growth rate is 7.09%

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