1. Suppose an economys real GDP is $30,000 in year 1 and $31,200 in year 2. What...
Question:
1. 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? LO8.1
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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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