Read the following statements.
Statement A : Measurement and comparison of total growth per unit time is absolute growth rate.
Statement B : Measurement of growth of the given system per unit time expressed on common basis is relative growth rate.
In the light of given statements, choose the correct answer from the options given below.

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Both statements are incorrect

Both statements are correct

Only statement A is correct

Only statement B is correct

answer is B.

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Detailed Solution

Measurement and comparison of total growth per unit time is absolute growth rate. Measurement of growth of the given system per unit time expressed on common basis is relative growth rate.

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