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Use the data from the accompanying table to calculate annual growth rate of real GDP per capita for each country listed over the period 1950-2016.
Use the data from the accompanying table to calculate annual growth rate of real GDP per capita for each country listed over the period 1950-2016. (Round your responses to one decimal place.) Note: The annual growth rate z will satisfy the equation 66 GDP 2016 (1+ z) GDP 1950 To solve this equation for z using a calculator, take logs of both sides of the equation. Levels of Real GDP per Capita Annual Growth Rate Country 1950 2016 1950-2016 Australia 13,466 48,845 2.0% Canada 12,333 43,745 1.9% France 8531 37,124 2.3% Germany 7840 44,689 2.7% Japan 3023 37,465 3.9% Sweden 11,385 44,659 2.1% United Kingdom 10.846 37,334 1.9% United States 15,241 53,015 1.9%
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