Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table describes the real GDP and population of a fictitious country in 2009 and 2010. Year PIB real Population 2009 $10 billion 1.0

The following table describes the real GDP and population of a fictitious country in 2009 and 2010.

YearPIB realPopulation
2009$10 billion1.0 million
2010$12 billion1.1 million






Instructions: Round your answers to the nearest whole number.

to. Real GDP per capita in 2009 is $_____. Real GDP per capita in 2010 is $_____.

b. The growth rate of real GDP is _____ percent.

C. The population growth rate is _____ percent.

d. The growth rate of real GDP per capita is _____ percent.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

a Real GDP per capita in 2009 is 10000 10 billion 10 million and i... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles And Policy

Authors: William J. Baumol, Alan S. Blinder

11th Edition

0324586213, 978-0324586213

More Books

Students also viewed these Economics questions

Question

What is information systems analysis and design?

Answered: 1 week ago