|Population,Year 1 and Year 2 (Millions) Growth Rate Real Real GDP per Capita, Year 1 Inflation GDP (4),Year 1 to Rate (4) Year 2 $50,000 2 300 9. 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

|Population,Year 1 and Year 2 (Millions) Growth Rate Real Real GDP per Capita, Year 1 Inflation GDP (4),Year 1 to Rate (4) Year 2 $50,000 2 300 9. 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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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