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Suppose that real GDP per capita of country A double in 20 years. The annual population growth rate is 1% and the annual inflation rate

Suppose that real GDP per capita of country A double in 20 years. The annual population growth rate is 1% and the annual inflation rate is 2%.

Q1. Using the rule 70, Calulate the annual economic growth rate of country A.

Q2. Calculate the annual growth rate of nominal GDP of country A.

Q3. Country A wants to increase population growth rate, This policy is related to which factor of economic growth? Technology, institution, physical capital, human capital or natural resources.

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