Differentiate between growth rate, absolute growth rate, and relative growth rate with diagram
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Please find below the solution to the asked query
Growth of population refers to change in the number of units (for example, inhabitants in case of population growth) during a specific period of time.The increase in rate is studied in percent per annum.
Please find below the solution to the asked query
Growth of population refers to change in the number of units (for example, inhabitants in case of population growth) during a specific period of time.The increase in rate is studied in percent per annum.
Absolute growth rate refers to the measurement and comparison of total growth per unit time.
Thus, Absolute growth = Growth in given time period.
Relative growth rate refers to the growth of a particular system per unit time, expressed on a common basis. For example, per unit initial parameter. Thus,
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