3. Suppose an economy's real GDP is $30,000 in year 1 and $31,000 in year 2. What is the growth rate of its real GDP? As
Posted: Wed Jul 06, 2022 6:22 pm
3. Suppose an economy's real GDP is $30,000 in year 1 and $31,000 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?