GDP growth rate, CPI change, demand data, graph fixed costs, demand, resources
CH 8/ Q2. 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 is 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita? CH 8/Q11. If the CPI was 110 last year and is 121 this year, what is this year's rate of inflati