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Consider the following data for a particular country. Real GDP per capita, Year 1 Population, Year 1 and Year 2 $50,000 400 million Inflation Rate
Consider the following data for a particular country. Real GDP per capita, Year 1 Population, Year 1 and Year 2 $50,000 400 million Inflation Rate 4 percent Growth Rate of Real GDP, Year 1 to Year 2 9 percent Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is real GDP per capita in year 2? 54500 b. What is real GDP in year 2? 22 trillion
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