How does the average annual growth rate you calculated in (ii) above compare to the average GDP growth rate the U.S. normally expects?

Use the table to answer the following questions.
Year
Real GDP (Billions of 2000 Dollars)
1993
$7,113
1994
7,101
1995
7,337
1996
7,533
1997
7,836
Calculate the growth rate of real GDP for each year from 1993-1994, 1994-1995, 1995-1996, and 1996-1997. Show your work.
Calculate the average annual growth rate of real GDP for the period from 1993 to 1997. Hint: Compute the average for the growth you calculated under (i) above.

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