Consider the following data for the country below. Year Population ( Millions) Real GDP ( Trillions of $) 1 400 18 2 480 27 Instructions: Enter your answers as whole numbers.  a. What is the growth rate of real GDP from year 1 to year 2? ( in percentage) b. What is the growth rate of real GDP per capita from year 1 to year 2? ( in percentage)

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
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Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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Consider the following data for the country below.

Year Population ( Millions) Real GDP ( Trillions of $)
1 400 18
2 480 27

Instructions: Enter your answers as whole numbers. 

a. What is the growth rate of real GDP from year 1 to year 2? ( in percentage)

b. What is the growth rate of real GDP per capita from year 1 to year 2? ( in percentage) 

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