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Suppose an economy's real GDP increased from $300 in 2009 to $400 in 2010.

1.What is the growth rate of its real GDP?
2.If the growth rate of real GDP were to continue at the same rate you have calculated, how many years would it take for real GDP to double?
3. Assume the population in 2009 was 100 and 200 in 2010. Calculate real GDP per capita in each of these years.
4. What is the growth rate of real GDP per capita?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499630

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