If the real GDP per capita in 2004 is $36 000 and in 2005 it is $37 800, what is the economic growth rate? a. 4.76% b. 5.00% c. $1800 d. –4.76%
If the real GDP per capita in 2004 is $36 000 and in 2005 it is $37 800, what is the economic growth rate? a. 4.76% b. 5.00% c. $1800 d. –4.76%
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 22CTQ: Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita...
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Question
If the real GDP per capita in 2004 is $36 000 and in 2005 it is $37 800, what is the
a. |
4.76% |
b. |
5.00% |
c. |
$1800 |
d. |
–4.76% |
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