cfai book volume 3, page 116

CFA Level III Economics
#1

hi,

what formula calculation has been used to arrive at the compund average annual growth and how is it calculated. and what is the figure at the top. e.g. what does the figure 7.7 signify under the colum for gdp under the colum 3 year trend. thanks.

#2

bump

#3

1-Year Trend 3-Year Trend

2.5% 7.7% (2.5% compound average annual growth)

1.0768=1.025^3