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Calculate real gdp and real gdp per capita

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Reference no: EM132587710

Suppose nominal GDP in 2010 was $120,008,000 and in 2011 it was $130,000,000. The GDP price index in 2010 was 140 and in 2011 it was 150. The population in 2010 was 25,600 and in 2011 it was 35,000.

-Calculate Real GDP and Real GDP per capita in each year.

-Calculate the growth rate of Real GDP and of Real GDP per capita.

Reference no: EM132587710

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