Year Real GDP 2009 2010 $8 billion $10 billion Population 1.0 million 1.2 million Instructions: Round your answers to the nearest whole number. a. The real GDP per capita in 2009 is $ The real GDP per capita in 2010 is $| b. The growth rate of real GDP is percent. c. The growth rate in population is percent.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
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The table below contains data on real GDP and the population of a fictional country in 2009 and 2010

answer the following question

Year
Real GDP
2009
2010
$8 billion
$10 billion
Population
1.0 million
1.2 million
Instructions: Round your answers to the nearest whole number.
a. The real GDP per capita in 2009 is $
The real GDP per capita in 2010 is $
b. The growth rate of real GDP is|
percent.
c. The growth rate in population is
percent.
d. The growth rate in real per capita GDP is
percent.
Transcribed Image Text:Year Real GDP 2009 2010 $8 billion $10 billion Population 1.0 million 1.2 million Instructions: Round your answers to the nearest whole number. a. The real GDP per capita in 2009 is $ The real GDP per capita in 2010 is $ b. The growth rate of real GDP is| percent. c. The growth rate in population is percent. d. The growth rate in real per capita GDP is percent.
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