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1. Suppose an economy's real GDP is $50,000 million in year 2017 and $55,000 million in year 2018. What is the growth rate of its

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1. Suppose an economy's real GDP is $50,000 million in year 2017 and $55,000 million in year 2018. What is the growth rate of its GDP? 2. For the same economy, assume that population was 100 million in year 2017 and 105 million in year 218. What is the growth rate in real GDP per capita

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