Real GDP per capita, Year 1 Population, Year 1 and Year 2$50,000400 millionInflation Rate4 percentGrowth Rate of Real GDPYear 1 to Year 29 percentInstructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places.a. What is real GDP per capita in year 2?$54500b. What is real GDP in year 2?$trillion

Real GDP per capita is the GDP that is allocated to each of the person in the economy. In other…

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a. What is real GDP per capita in year 2? $ 54500 b. What is real GDP in year 2? EA trillion

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

Real GDP per capita, Year 1 Population, Year 1 and Year 2
$50,000
400 million
Inflation Rate
4 percent
Growth Rate of Real GDP
Year 1 to Year 2
9 percent
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places.
a. What is real GDP per capita in year 2?
$
54500
b. What is real GDP in year 2?
$
trillion

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