In which year has the annual output growth been the lowest and what is the value ?
Explanation:
The annual output for each year is:
1998:- 240; 1999:- 261; 2000:- 237; 2001:- 223
Because the output has decreased in 2000 as well as 2001 (vis-a-vis the previous year), find the negative output growth.
2000: [(237 − 261)/261] × 100 = −9.2%
2001: [(223 − 237)/237] × 100 = −5.9%
Hence, option (c).
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