What is the growth rate of gdp per capita
Question:
Suppose an economy's real GDP is 30,000 in year 1 and 31,200 in year 2. What is the growth rate of it's real GDP. Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita.
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Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita.
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Year 1 the population was 300 million, and in year 2 the population was 306 million, what is the growth rate of the per-capita real GDP?
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