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?© BrainMass Inc. brainmass.com March 21, 2019, 5:39 pm ad1c9bdddf
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