Given growth rate pf 5%, this year's productivity is 88.2
Growth rate is the rate of growth(in percentage) of a country's economy in terms of productivity(GDP) annually. In other it is the percentage change of the gross domestic product pf an economy in two consecutive years
Given that the country's growth rate is 5% ans last year's productivity is 84. Productivity this year would rise by 5% thus:
5/100×84=4.2
Productivity would rise by 4.2 this year totalling 88.2 this year
Please read more on country growth rate here:
Given growth rate pf 5%, this year's productivity is 88.2
what is growth rate?
Growth rate is the rate of growth(in percentage) of a country's economy in terms of productivity annually.
Given that the country's growth rate is 5% ans last year's productivity is 84. Productivity this year would rise by 5% thus:
5/100×84=4.2
Productivity would rise by 4.2 this year totalling 88.2 this year
Note that the growth rate of a country is
Please read more on country growth rate here:
https://brainly.in/question/13375211?source=archive
According to the information, it can be inferred that the country's productivity this year will be 88.2.
To calculate the increase in productivity we must take into account that there was an increase of 5%. To calculate the productivity increase, we calculate 5% of the previous year value (84) as shown below.
According to the above, 5% of 84 is 4.2. Then we add this value to last year's productivity value to get this year's productivity value with a 5% increase.
84 + 4.2 = 88.2
So this year's productivity equals 88.2.
Learn more about product in: https://brainly.com/question/17661719
