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The variables included in the worksheet are: (1) Real GDP per capita at 2011 $US (PPP); (2) Number of workers (in millions); (3) Real aggregate

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The variables included in the worksheet are: (1) Real GDP per capita at 2011 $US (PPP); (2) Number of workers (in millions); (3) Real aggregate GDP at constant 2011 national prices (in mil. 2011 $US); (4) Capital stock at constant 2011 national prices (in mil. 2011 $US); and (5) Labor compensation share of GDP. All the data is from the Penn World Table (version 9). Save this file as "YourLastName_YourFirstName Assignment1.xlsx". All your answers should appear in this file. (1) (40 points) The first question concerns growth rates of GDP per capita. (1.a) (15 points) For each country and for each decade compute average growth rates of GDP per capita. They should appear every 10 years along the column labeled Growth rates in the cells that show up grey. As an example, to get the average growth rate of per capita GDP in the U.S. in the 1980s, which should appear in the row for year 1990 and in the column labeled Growth rates, 1 10 compute GDP.pc1990 - 1 ~ 2.41%. GDP.pc1980

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