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:

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 3E

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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:

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