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Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
Edition 19ISBN: 978-0077337728Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
Edition 19ISBN: 978-0077337728 Exercise 1
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 population iS100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
Explanation
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The growth rate in real GDP is calculate...
Macroeconomics 19th Edition by Campbell McConnell , Stanley Brue,Sean Flynn
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