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Moving from 2% to 3% adds one percentage point, but represents a relative increase of 50%.
Both calculations are correct, but answer different questions. Check the starting value before interpreting a large percentage change.
This is a worked example, not a newly measured economic development.
“An increase from 2% to 3% is a 1% increase.”Correct the unit
The absolute difference is 1 percentage point; the relative increase is 50%.
This example demonstrates the review method. No author, platform or like count is attributed to it.
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