Question
Consider the following data for a particular country. Real GDP per Capita, Year 1 $60,000 Population, Year 1 and Year 2 300 million Inflation
Consider the following data for a particular country. Real GDP per Capita, Year 1 $60,000 Population, Year 1 and Year 2 300 million Inflation Rate 3 percent Growth Rate of Real GDP, Year 1 to Year 2 8 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? $ b. What is real GDP in year 2? $ trillion
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Macroeconomics Principles Applications And Tools
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