Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NGDP RGDP Year 4,964.4014,783.80 5,517.90 15,020.60 16,155.30 15,354.60 16,663.20 15,583.30 17,348.10 15,961.70 7,942.90 16,345.00 2010 2011 2012 2013 2014 2015 The following table summarizes U.S.
NGDP RGDP Year 4,964.4014,783.80 5,517.90 15,020.60 16,155.30 15,354.60 16,663.20 15,583.30 17,348.10 15,961.70 7,942.90 16,345.00 2010 2011 2012 2013 2014 2015 The following table summarizes U.S. Census Bureau data on population estimates from 2010-2016 7010 2011 2012 2013 2014 2015 2016 09,348,193 311,663,358 313,998,379 316,204,908 318,563,456 320,896,618 323,127.513 What was the growth rate of RGDP from 2010 to 2011 What was the population growth rate from 2010 to 20112 Using the approximation formula calculate the annual growth rate of the RGDP per person in 2011 The growth rate of RGDP from 2010 to 2011 was percent. Round up your answer to the second decimal The population growth rate from 2010 to 2011 waspercent. Round up your answer to the second decimal Using the approximation formula, the annual growth rate of the RGDP per person in 2011 was percent. Round up your answer to the seco decimal. 1.61; 0.76; 0.88 1.60; 0.75; 0.85
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started