Answered: Assume GDP per capita in constant…

Assume GDP per capita in constant dollars was $30,250 for 2003 and $40,000 for 2004. In this case, the economy's growth rate would be ___%

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 10WNG

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Assume GDP per capita in constant dollars was $30,250 for 2003 and $40,000 for 2004. In this case, the economy's growth rate would be ___%

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