Real per capita GDP in Chile in 1960 was about $350, but it doubled to about $700.00 by 1977.
a. What was the average annual economic growth rate in Chile over the 17.00 years from 1960 to 1977? (NOTE: Round this to two places past the decimal point.)
%
b. Per capita real GDP doubled in Chile again in only seven years, reaching $1400.00 by 1984.00. What was the average annual economic growth rate between 1977 and 1984.00? (NOTE: Round this to two places past the decimal point.)
%