Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What is
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Suppose an economy’s real GDP is $30,000 in year 1 and
$31,200 in year 2. What is the growth rate of its real GDP?
Assume that population is 100 in year 1 and 102 in year 2.
What is the growth rate of real GDP per capita? LO1
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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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