The fictitious country "Alpha" has a real GDP per person of $10,000. Instructions: Enter your responses rounded to the nearest penny (two decimal places). a. If Alpha has a 1.5% growth rate in real GDP per person, then after 10 years Alpha's real GDP per person is $ 11618.05 b. If Alpha has a 2.5% growth rate in real GDP per person, then after 10 years Alpha's real GDP per person is $ 12763.26 c. After 10 years, the difference in Alpha's real GDP per person based on the two growth rates is $ [1145.21 O

The fictitious country "Alpha" has a real GDP per person of $10,000. Instructions: Enter your responses rounded to the nearest penny (two decimal places). a. If Alpha has a 1.5% growth rate in real GDP per person, then after 10 years Alpha's real GDP per person is $ 11618.05 b. If Alpha has a 2.5% growth rate in real GDP per person, then after 10 years Alpha's real GDP per person is $ 12763.26 c. After 10 years, the difference in Alpha's real GDP per person based on the two growth rates is $ [1145.21 O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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