If the national economy shrank at an annual rate of 11% per year for three consecutive years, then the economy shrank by 33% over the three-year period.

3 answers

false

the yearly reduction amount decreases with a smaller remaining value.

8.5

29.5

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If the national economy shrank at an annual rate of 11​% per year for three consecutive​ years, then the economy shrank by 33​% over the three​-year period.