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Consider the following data for a particular country. Real GDP per Capita, Year 1 Population, Year 1 and Year 2 Inflation Rate Growth Rate of
Consider the following data for a particular country.
Real GDP per Capita, Year 1 Population, Year 1 and Year 2 Inflation Rate Growth Rate of Real GDP, Year 1 to Year 2
$36,000 500 million 2 percent 7 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? $ $38,520
b. What is real GDP in year 2? $ trillion
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