South Africa's real GDP was 3,023 billion rand in 2014 and 3,063 billion rand in 2015. South Africa's population growth rate in 2015 was 1.6 percent Calculate a. The growth rate of real GDP b. The growth rate of real GDP per person c. The approximate number of years it takes for real GDP per person in South Africa to double if the 2015 growth rate of real GDP and the population growth rate are maintained. The growth rate of real GDP in South Africa in 2015 was percent >>> Answer to 1 decimal place.

South Africa's real GDP was 3,023 billion rand in 2014 and 3,063 billion rand in 2015. South Africa's population growth rate in 2015 was 1.6 percent Calculate a. The growth rate of real GDP b. The growth rate of real GDP per person c. The approximate number of years it takes for real GDP per person in South Africa to double if the 2015 growth rate of real GDP and the population growth rate are maintained. The growth rate of real GDP in South Africa in 2015 was percent >>> Answer to 1 decimal place.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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