Calculate the percentage growth rate in real gnp per capita, Ask an Expert

Economics

Understanding the growth rate and how to measure it. (10 points) Data: Year Real Per Capita GNP 1995 $28,747 1996 $29,520 1997 $30,519 1998 $31,478 1999 $32,238 2000 $33,748 2001 $32,375 2002 $32,713 a), Calculate the percentage growth rate in real GNP per capita in each of the years 1996 through 2002 from the previous year, using the definition of growth rate. During which year was growth in real per capita GNP the highest? When was it the lowest?

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Business Economics, Economics

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