Assume that RGL per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013 periods in terms of our concept of booms and busts. Do this in 100 words or less.

Assume that RGL per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013 periods in terms of our concept of booms and busts. Do this in 100 words or less.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that RGDP per capita in NZ typically grows at about 3.8% p.a..
Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013
periods in terms of our concept of booms and busts. Do this in 100 words or less.

RGDP per capita for each year
2003 - 0.04107
2004 - 0.04215
2005 - 0.04293
2006 - 0.04386
2007 - 0.04444
2008 - 0.04567
2009 - 0.04457
2010 - 0.04500
2011 - 0.04494
2012 - 0.04582
2013 - 0.04674

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