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Average annual economic growth rate

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Reference no: EM131937796

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.)

%

Reference no: EM131937796

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