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Macroeconomic data for two nations

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The table below presents macroeconomic data for two nations: Raljon and Kabukistan. 

Raljon

Kabukistan

Nominal GDP growth

13%

6%

Inflation

10%

3%

Unemployment rate

4%

10%

Population growth

2.5%

1%

Assume that both nations start with real GDP of $1,000 per citizen.  Fill in the blanks in the table below, assuming the data above applied for every year considered.

Raljon

Kabukistan

Real GDP growth rate per person

Years required for real GDP per person to double

Real per person GDP in 140 years

Reference no: EM131405655

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