4.1 If real GDP in a small country in 2017 is $8 billion and real GDP in the same country in 2018 is $8.3 billion, the growth rate of real GDP between 2017 and 2018. Show your work 4.2 If real GDP per capita doubles between 2005 and 2020, what is the average annual growth rate of real GDP per capita? Show your work.

4.1 If real GDP in a small country in 2017 is $8 billion and real GDP in the same country in 2018 is $8.3 billion, the growth rate of real GDP between 2017 and 2018. Show your work 4.2 If real GDP per capita doubles between 2005 and 2020, what is the average annual growth rate of real GDP per capita? Show your work.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 5P

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