Statistical information is necessary to know the direction and condition of growth of an economy explain
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The length of a room is two times its breadth and three times its height.if the cost of painting it's walls at Rs.2.25 per square metre is Rs.32400. find the cost of carpeting it's floor at Rs.4 per square metre.
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Answer: The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations in the GDP around this trend.
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