Suppose nominal GDP in 2019 was $190,000,000 and in 2020 it was $195,000,000. The GDP price index in 2019 was 150 and in 2020 it was 153. The population in 2019 was 2,600 and in 2020 it was 2,620.

1. Calculate Real GDP and Real GDP per capita in each year.

2. Calculate the growth rates of Nominal GDP, Real GDP, and Real GDP per capita.

3. In a few sentences, describe why the growth rates are so different?