What is the growth rate of its real gdp

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Reference no: EM13870252

Suppose an economy's real GDP is $42,000 in year 1 and $43,200 in year 2. What is the growth rate of its real GDP?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP =_____%

Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP per capita = ____%

Reference no: EM13870252

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