Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 25, Problem 2SPPA
To determine

To compute:

The years in which the real GDP will be twice than it was in 2015 if the provided growth rates continue to be the same.

To determine

To compute:

The years in which the real GDP per person will be twice than it is in 2015 if the provided growth rates continue to be the same.

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If real GDP increases from $100 billion to $105 billion, and the population increases from 100 million to 102 million, what is the growth rate of real GDP per person? The growth rate of real GDP per person is ___ percent
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