Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134744452
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 6.1, Problem 2RQ
To determine

Explain the growth rate of real GDP and the growth rate of real GDP per person.

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What is the relationship between the growth rate of real GDP and the growth rate of real GDP per person?
How quickly does GDP need to grow in order to provide for population growth?
Does the growth of real GDP measure the economic growth rate accurately?
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