Suppose a country's real GDP is $18 trillion and the population is 300 million. Instructions: Enter your answers as a whole number. a. What is this country's real GDP per capita? $60000 b. Suppose that during the next 10 years, real GDP increases by 50 percent and the population triples. At the end of this 10-year period, what will be its real GDP per capita?
Suppose a country's real GDP is $18 trillion and the population is 300 million. Instructions: Enter your answers as a whole number. a. What is this country's real GDP per capita? $60000 b. Suppose that during the next 10 years, real GDP increases by 50 percent and the population triples. At the end of this 10-year period, what will be its real GDP per capita?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Solve part b
Transcribed Image Text:Suppose a country's real GDP is $18 trillion and the population is 300 million.
Instructions: Enter your answers as a whole number.
a. What is this country's real GDP per capita?
$ 60000
b. Suppose that during the next 10 years, real GDP increases by 50 percent and the population triples. At the end of this 10-year
period, what will be its real GDP per capita?
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