A nation's per capita real GDP was $2,000 in 2017, and the nation's population was 5 million

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A nation's per capita real GDP was $2,000 in 2017, and the nation's population was 5 million in that year. Between 2017 and 2018, the inflation rate in this country was 5 percent, and the nation's annual rate of economic growth was 10 percent. Its population remained unchanged. What was per capita real GDP in 2018? What was the level of real GDP in 2018?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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