Macroeconomics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280601
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 6, Problem 4TY
To determine
Growth rate of potential GDP in country A and country B.
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Calculate real growth per capita in the following countries:
Instructions: Enter your responses rounded to one decimal place. If you are entering a negative number, be sure to include a negative
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a. Democratic Republic of Congo: population growth=2.6 percent; real output growth = -1.4 percent.
Real growth per capita:%
b. Estonia: population growth=-0.3 percent; real output growth 4.3 percent.
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c. India: population growth = 2.1 percent; real output growth 6.2 percent.
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d. United States: population growth = 0.4 percent; real output growth 2.6 percent.
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Chapter 6 Solutions
Macroeconomics: Principles and Policy (MindTap Course List)
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