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    Calculating growth rates of real GDP and per-capita real GDP

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    If real GDP were $3 trillion in year 1 and $3.06 trillion in year 2, the growth rate of real GDP between the two years is?

    Year 1 the population was 300 million, and in year 2 the population was 306 million, what is the growth rate of the per-capita real GDP?

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    https://brainmass.com/economics/barriers-to-growth/calculating-growth-rates-real-gdp-per-capita-real-gdp-231902

    Solution Preview

    Solution :

    If real GDP were $3 trillion in year 1 and $3.06 trillion in year 2, the growth rate of real GDP between the two years is?

    Real GDP in year 1=$3 trillion
    Real GDP in year 2=$3.06 trillion

    Growth rate of Real GDP=(Real GDP in year 2-Real ...

    Solution Summary

    The solution describes the steps for calculating growth rate of real GDP and per-capita real GDP.

    $2.19