Assume that RGL per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013 periods in terms of our concept of booms and busts. Do this in 100 words or less.

Assume that RGL per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013 periods in terms of our concept of booms and busts. Do this in 100 words or less.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section: Chapter Questions

Problem 3QP

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Question

Assume that RGDP per capita in NZ typically grows at about 3.8% p.a..
Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013
periods in terms of our concept of booms and busts. Do this in 100 words or less.

RGDP per capita for each year
2003 - 0.04107
2004 - 0.04215
2005 - 0.04293
2006 - 0.04386
2007 - 0.04444
2008 - 0.04567
2009 - 0.04457
2010 - 0.04500
2011 - 0.04494
2012 - 0.04582
2013 - 0.04674

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