ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Suppose we have the following data given to us in this table.
Year | Real |
Nominal GDP | Population |
2010 | 11,563 | 12,697 | 52 |
2020 | 12,406 | 13,395 | 49 |
Given this data, we would expect the quality of life to have increased by what percentage over the last 10 years? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.
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