Use the chart below to calculate the growth rate in real GDP per Capita. Nominal GDP Population CPI Year 1 14,590,139 523 213 Year 2 12,204,258 525 233 Do not round until your final answer. Put your answer in percentage form (e.g. 30.57% not 0.3057) and round your final answer to 2 decimal places.

Use the chart below to calculate the growth rate in real GDP per Capita. Nominal GDP Population CPI Year 1 14,590,139 523 213 Year 2 12,204,258 525 233 Do not round until your final answer. Put your answer in percentage form (e.g. 30.57% not 0.3057) and round your final answer to 2 decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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