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22 May, 05:17

Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that the population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?

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Answers (2)
  1. 22 May, 05:26
    0
    0.96%

    Explanation:

    i divided 30000 by 31000
  2. 22 May, 07:07
    0
    Answer:$300

    Explanation: Division economy for population.
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