Calculate the growth rate of real GDP, population, and real per capita GDP from year 2 to year 4.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
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Chapter20: Growth And Less Developed Countries
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Calculate the growth rate of real GDP, population, and real per capita GDP from year 2 to year 4.

The table shows real GDP and population, both in billions. Give answers to two
decimal places.

Year 1 Year 2 Year 3 Year 4 Year 5
Real GDP 6,500 6,750 7,110 7,260 7, 622
Population 0.250 0.253 0.256 0.258 0.262

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