1.7. Using data from the Penn W odd Tables, calculate the annual growth rate of real GDP per person for China for the years in the table.

The Penn W odd Tables, available free online, are a reliable source of international economic data, and they are very popular among economists.

Year 2000 2001 2002 2003 2004 Real GDP per Capita (in 1996 U.S. dollars)

4,001 4,389 4,847 5,321 5,771 Annual Growth Rate