Suppose an economy's real GDP is $ 30,000 in year 1 and $ 31,200 in year 2.  Instructions: In part a enter your answer as a whole number, in part b round your answer to 2 decimal places.  a. What is the growth rate of its real GDP? ( in percentage)  Assume that population is 100 in year 1 and 102 in year 2.  b. What is the growth rate of real GDP per capita? ( in percentage)

ENGR.ECONOMIC ANALYSIS
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Suppose an economy's real GDP is $ 30,000 in year 1 and $ 31,200 in year 2. 

Instructions: In part enter your answer as a whole number, in part b round your answer to 2 decimal places. 

a. What is the growth rate of its real GDP? ( in percentage) 

Assume that population is 100 in year 1 and 102 in year 2. 

b. What is the growth rate of real GDP per capita? ( in percentage) 

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