5. 2016 2017 Price ($) Price ($) Category Clothing Meals 120 Quantity 10,000 15,000 160 Quantity 14,000 16,000 100 120 Refer to the table above, which shows all the final goods produced in a small country for two consecutive years. With 2017 as the base year in the fixed-base approach, the GDP deflator for 2016 is
7. Tony's income this year is $50,000. Manu's income this year is $6,250 and is growing by 10% each year. Manu claims that his income will match Tony's income in 35 years. If Manu is correct, what is the annual growth rate of Tony's income, approximately? (1 mark) 4%. 译 3%. 6%. 5%.
7. Tony's income this year is $50,000. Manu's income this year is $6,250 and is growing by 10% each year. Manu claims that his income will match Tony's income in 35 years. If Manu is correct, what is the annual growth rate of Tony's income, approximately? (1 mark) 4%. 译 3%. 6%. 5%.
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