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dollar 5) people) (apita (dollar 5) m- 226 $26 155 6, ?53 29 234- ?, 615 31 ?33 Instructions: Round your answers to one decimal

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dollar 5) people) (apita (dollar 5) m- 226 $26 155 6, ?53 29 234- ?, 615 31 ?33 Instructions: Round your answers to one decimal place. a. Using the information in the table, calculate the growth rates in real GDP, population, and the standard of living (real GDP per cap'rta} between year 1 and year 2. Real GDP: |:| 96 Population: |:| 96 Standard of living: |:| 95 b. Now, using the information in the table, calculate the growth rates in real GDP, population, and the standard of living between year)? and year 3. Real GDP: 96 Population: |:| 36 Standard of living: $6 c. The standard of livi1g in the economy of Highlands between year1 and year 2 grew {Click to select] v the standard of living between year 2 and year 3. Suppose that real GDP per capita in the United States is $52,000. If the long-term growth rate of real GDP per capita is 3.0% per year, how many years will it take for real GDP per capita to reach $104,000? Instructions: Enter your answer as a whole number. years

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