t Let This Happen To You!] Use the data for the country of New Finlandia in the following table to calculate the following: REAL GDP PER CAPITA (2005 PRICES) YEAR 2010 2011 2012 2013 2014 $41,618 42,736 42,145 43,487 43,186 r from the previous chapter that the average annual growth rate for relatively short periods can be approximated by averaging the growth e increase in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.) onual growth rate in real GDP per capita between 2010 and 2014 is % (Enter your response rounded to two decimal places 1

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[Related to Don't Let This Happen To You!] Use the data for the country of New Finlandia in the following table to calculate the following:
REAL GDP PER CAPITA
(2005 PRICES)
YEAR
2010
2011
2012
2013
2014
$41,618
42,736
42,145
43,487
43,186
(HINT: Remember from the previous chapter that the average annual growth rate for relatively short periods can be approximated by averaging the growth rates of those years.)
a. The percentage increase in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.)
b. The average annual growth rate in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.)
Transcribed Image Text:[Related to Don't Let This Happen To You!] Use the data for the country of New Finlandia in the following table to calculate the following: REAL GDP PER CAPITA (2005 PRICES) YEAR 2010 2011 2012 2013 2014 $41,618 42,736 42,145 43,487 43,186 (HINT: Remember from the previous chapter that the average annual growth rate for relatively short periods can be approximated by averaging the growth rates of those years.) a. The percentage increase in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.) b. The average annual growth rate in real GDP per capita between 2010 and 2014 is %. (Enter your response rounded to two decimal places.)
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