a. Calculate the growth rate of real GDP for each year from 1997 to 2001. The growth rate of real GDP for 1998 = The growth rate of real GDP for 1999 = The growth rate of real GDP for 2000 = Year 1997 1998 1999 2000 2001 %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) The growth rate of real GDP for 2001 = %. (Round your response to two decimal places.) b. Calculate the average annual growth rate of real GDP for the period from 1997 to 2001. Average annual growth rate = %. (Round your response to two decimal places.) RGDP (billions of 2005 dollars) $9,890 9,100 10,003 10,389 10,579

a. Calculate the growth rate of real GDP for each year from 1997 to 2001. The growth rate of real GDP for 1998 = The growth rate of real GDP for 1999 = The growth rate of real GDP for 2000 = Year 1997 1998 1999 2000 2001 %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) %. (Round your response to two decimal places.) The growth rate of real GDP for 2001 = %. (Round your response to two decimal places.) b. Calculate the average annual growth rate of real GDP for the period from 1997 to 2001. Average annual growth rate = %. (Round your response to two decimal places.) RGDP (billions of 2005 dollars) $9,890 9,100 10,003 10,389 10,579

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 2P

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