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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Macroeconomics, Brief Edition

ISBN: 9780077230975

1st Edition

Authors: Campbell McConnell

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Question Posted: Sep 26, 2024 12:00 PM

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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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Macroeconomics, Brief Edition

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