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.
Chapter1: Making Economics Decisions
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17a5d04d-6926-4d5d-8859-eb33c3a22a8e%2F40453b66-5952-403d-9166-7f3b9f0717a7%2F84434rh_processed.png&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17a5d04d-6926-4d5d-8859-eb33c3a22a8e%2F40453b66-5952-403d-9166-7f3b9f0717a7%2F0o9hiyl_processed.png&w=3840&q=75)
Transcribed Image Text: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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