Consider the following data for a particular country. Real GDP per capita, Year 1 $50,000 Population, Year 1 and Year 2 400 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? $ b. What is real GDP in year 2? $ trillion
Consider the following data for a particular country. Real GDP per capita, Year 1 $50,000 Population, Year 1 and Year 2 400 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? $ b. What is real GDP in year 2? $ trillion
Chapter1: Making Economics Decisions
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![Connect Problem CP 28-09 (algo)
Consider the following data for a particular country.
Real GDP per capita, Year 1
$50,000
Population, Year 1 and Year 2
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?
$
b. What is real GDP in year 2?
$
trillion](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F590c8aba-ca99-4a86-b955-f85bf7c236b5%2Ffe924337-308a-47c2-a146-34fd22d46e1d%2Fepfayp_processed.png&w=3840&q=75)
Transcribed Image Text:Connect Problem CP 28-09 (algo)
Consider the following data for a particular country.
Real GDP per capita, Year 1
$50,000
Population, Year 1 and Year 2
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?
$
b. What is real GDP in year 2?
$
trillion
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