Chapter 16, Problem 3E

To determine

Use the data in the following table to determine the average annual growth rate for each country in terms of real GDP growth and per capita real GDP growth(real GDP is in billions of US dollars and population is in millions of people). Find the country that grew at the faster rate.

	$1999$	$1999$	$2000$	$2000$
Country	Real GDP	Population	Real GDP	Population
Morocco	$108.0$	$30.1$	$112.0$	$31.2$
Australia	$416.2$	$19.2$	$528.0$	$19.5$