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Use the table to answer the following questions (note: the
second column is measuring real GDP, and the figure at the top of
that column is 1075)

Year billions of dollars in constant prices
2012 1075
2013 1120
2014 1160
2015 1175
2016 1200

a. Calculate the economic growth rate for each year from 2012 to
2016

b. Calculate the average annual economic growth rate for the
period 2012 to 2016