
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
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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