Suppose an economy's real GDP is $31,500 in year 1 and $33,000 in year 2. The population is 110 in year 1 and 112 in year 2. What is the growth rate of real GDP per capita? Round your answer to 2 decimal places (no percentage sign). Your Answer:
Suppose an economy's real GDP is $31,500 in year 1 and $33,000 in year 2. The population is 110 in year 1 and 112 in year 2. What is the growth rate of real GDP per capita? Round your answer to 2 decimal places (no percentage sign). Your Answer:
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 3E
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