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 its real GDP? Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita?

Solution Preview :

Prepared by a verified Expert
Microeconomics: What is the growth rate of gdp per capita
Reference No:- TGS02094878

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)