What is the GDP growth rate? What is GDP per capita growth rate? What is the productivity growth rate?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Hi, I'm having trouble answering this Macroeconomics question, please help. Thank you!
Use the table to answer the questions. Define productivity as GDP per worker, and please enter all answers as numerical values
rounded to 3 decimal places, and not as percentages (e.g., 0.103 instead of 10.3%).
GDP
Population
Workers
Year 1
1061
157
129
Year 2
1191
343
263
What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Transcribed Image Text:Use the table to answer the questions. Define productivity as GDP per worker, and please enter all answers as numerical values rounded to 3 decimal places, and not as percentages (e.g., 0.103 instead of 10.3%). GDP Population Workers Year 1 1061 157 129 Year 2 1191 343 263 What is the GDP growth rate? What is GDP per capita growth rate? What is the productivity growth rate?
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