Consider the following data for a particular country. Year 1 Population (Millions) - 400 Real GDP (Trillions of $) - 16 Year 2 Population ( MIllinois ) - 480 Real GDO ( Trillions of $ ) - 24 Instructions: Enter your answers as a whole number. a. What is the growth rate of real GDP from year 1 to year 2 -blank percent b. What is the growth rate of real GDP per capita from year 1 to year 2  -blank percent  Note: Donot given direct answer

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
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Consider the following data for a particular country.

Year 1

Population (Millions) - 400

Real GDP (Trillions of $) - 16

Year 2

Population ( MIllinois ) - 480

Real GDO ( Trillions of $ ) - 24

Instructions: Enter your answers as a whole number.

a. What is the growth rate of real GDP from year 1 to year 2

-blank percent

b. What is the growth rate of real GDP per capita from year 1 to year 2 

-blank percent 

Note: Donot given direct answer 

 

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