What is the annual real GDP growth rate percentage

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Reference no: EM133219322

Question - Consider the economic data of country A. The annual growth rate of nominal GDP is 6%. The annual inflation rate is 1%, and the annual population growth rate is 2%.

Use the given information to answer questions 1 - 3

1. What is the annual real GDP growth rate percentage?

2. What is the annual economic growth rate percentage?

3. Suppose country A maintains the same annual economic growth rate, how long does it take for the real GDP per capita to double according to the rule of 70?

Reference no: EM133219322

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