Suppose an economyrsquos real gdp is 46000 in year 1 and, Ask an Expert

Economics

Suppose an economy’s real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's 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?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP per capita = %

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91402110

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