Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2020 with real per capita GDP equal to $20,000. Annual Growth Rate (%) Country 2020 2021 2022 2023 X 7 1 3 5 4 462 9 2 Y Z 4 5 7 3 a. The nation that most likely experienced a sizable earthquake in late 2020 that destroyed a significant portion of its stock of capital goods, but was followed by speedy investments in rebuilding the nation's capital stock, is Y Calculate this nation's per capita real GDP at the end of 2023. $ (Enter your response rounded to the nearest dollar.)
Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2020 with real per capita GDP equal to $20,000. Annual Growth Rate (%) Country 2020 2021 2022 2023 X 7 1 3 5 4 462 9 2 Y Z 4 5 7 3 a. The nation that most likely experienced a sizable earthquake in late 2020 that destroyed a significant portion of its stock of capital goods, but was followed by speedy investments in rebuilding the nation's capital stock, is Y Calculate this nation's per capita real GDP at the end of 2023. $ (Enter your response rounded to the nearest dollar.)
Chapter8: Productivity And Growth
Section: Chapter Questions
Problem 2.4P
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Transcribed Image Text:Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2020 with real
per capita GDP equal to $20,000.
Annual Growth Rate (%)
Country
2020
2021
2022
2023
X
7
1
3
5
4
462
9
2
Y
Z
4
5
7
3
a. The nation that most likely experienced a sizable earthquake in late 2020 that destroyed a significant portion of its
stock of capital goods, but was followed by speedy investments in rebuilding the nation's capital stock, is Y
Calculate this nation's per capita real GDP at the end of 2023. $
(Enter your response rounded to the nearest dollar.)
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