9. Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What

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9. 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 GDP per capita? LO2

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Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

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Question Posted: Sep 30, 2024 04:01 AM

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9. Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What

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Essentials Of Economics

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