Economics Today, Student Value Edition (18th Edition) (Pearson Series in Economics)
Economics Today, Student Value Edition (18th Edition) (Pearson Series in Economics)
18th Edition
ISBN: 9780133920642
Author: Roger LeRoy Miller
Publisher: PEARSON
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Chapter 9, Problem 13P
To determine

The per capita GDP in year 2016 with the level

of real GDP.

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Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP?  Assume that population was 100 in year 1 and 102 in year 2.  What is the growth rate of GDP per capita?
Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
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