The table shows data for changes in nominal GDP, the price level, and population in 2013. Use these data to calculate the approximate economic growth rate, or the annual growth rate, of real GDP per capita. Specify your answer to one decimal place. %A in nominal GDP growth rate: 5.0 %A price level 1.1 %A population 1.5 %

The table shows data for changes in nominal GDP, the price level, and population in 2013. Use these data to calculate the approximate economic growth rate, or the annual growth rate, of real GDP per capita. Specify your answer to one decimal place. %A in nominal GDP growth rate: 5.0 %A price level 1.1 %A population 1.5 %

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 3E

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Question

100%

The table shows data for changes in nominal GDP, the price level, and population in 2013. Use these data to calculate the
approximate economic growth rate, or the annual growth rate, of real GDP per capita. Specify your answer to one
decimal place.
%A in nominal GDP
growth rate:
5.0
%A price level
1.1
%A population
1.5
%

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