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Suppose an economys real GDP is $42,000 in year 1 and $43,200 in year 2. a. What is the growth rate? b. Assume that population
Suppose an economys real GDP is $42,000 in year 1 and $43,200 in year 2. a. What is the growth rate? b. Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
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