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Australia's real GDP was SAI ,677 in 2016 and SAI, 730 in 2017. Australia's population was 24.3 million in 2016 and 24.6 million 2017.
Australia's real GDP was SAI ,677 in 2016 and SAI, 730 in 2017. Australia's population was 24.3 million in 2016 and 24.6 million 2017. Calculate a. The growth rate of real GDP. b. The growth rate of real GDP per persom c. The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate are maintained. The growth rate of real GDP is percent a year Answer to 2 decimal places. >>> If your answer is negative, include a minus sigm If your answer is positive, do not include a plus sigm The growth rate of real GDP per person is percent a year. Answer to 2 decimal places. If the current real GDP growth rate and population growth rate are maintained, real GDP per person in Australia will double in approximately years. Answer with a whole number Year 2016 2017 Real GDP (billions of dollars) 1,677 1,730 Population (millions) 243 248
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