Government Growth Rate is the change in a population in the different time, and can be quantified as the change in the number of people of any species in a population using "per unit time" for measurement. In mathematics, the term population growth is likely to refer to any known population, and this article deals mostly with the application of the term to human populations in demography.(Source: Wikipedia)
Government Growth Rate is mainly used to calculate the amount of population growth in the particular period and also in the specified area of place by the government. These Government growth rate help the companies to find where there is more population and they decide where to locate their company’s office. Government growth rate calculation has many steps and also there are formulas to calculate the population growth.
Problem: The population in New York during the starting period of 2000 was 589,545 according to U.S. government record. During the end of 2004, it was 669,990. Calculate the growth rate in percentage for the given year.
Population at Beginning of Period = 589,545
Population at end of period = 669,990
Growth Rate = `(669990 - 589545)/(589545)` x 100
Growth Rate = 13.64%