a. What is real GDP per capita in year 2? $ 54500 b. What is real GDP in year 2? EA trillion

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter15: Measuring A Nation's Income
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Real GDP per capita, Year 1 Population, Year 1 and Year 2
$50,000
400 million
Inflation Rate
4 percent
Growth Rate of Real GDP
Year 1 to Year 2
9 percent
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places.
a. What is real GDP per capita in year 2?
$
54500
b. What is real GDP in year 2?
$
trillion
Transcribed Image Text:Real GDP per capita, Year 1 Population, Year 1 and Year 2 $50,000 400 million Inflation Rate 4 percent Growth Rate of Real GDP Year 1 to Year 2 9 percent Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is real GDP per capita in year 2? $ 54500 b. What is real GDP in year 2? $ trillion
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