The table below presents macroeconomic data for two nations: Raljon and Kabukistan.
|
Raljon
|
Kabukistan
|
|
Nominal GDP growth
|
13%
|
6%
|
|
Inflation
|
10%
|
3%
|
|
Unemployment rate
|
4%
|
10%
|
|
Population growth
|
2.5%
|
1%
|
Assume that both nations start with real GDP of $1,000 per citizen. Fill in the blanks in the table below, assuming the data above applied for every year considered.
|
Raljon
|
Kabukistan
|
|
Real GDP growth rate per person
|
|
|
|
Years required for real GDP per person to double
|
|
|
|
Real per person GDP in 140 years
|
|
|