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Suppose a country's population grows at the rate of 2% per year and its output grows at the rate of 3% per year. a. Calculate
Suppose a country's population grows at the rate of 2% per year
and its output grows at the rate of 3% per year.
- a. Calculate its rate of growth of per capita output.
- b. s at 2% per year, calculate its rate of growth of per capitaIf instead its population grows at 3% per year and its output grow output.
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