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Business, 02.01.2020 23:31 linda3025

Suppose an economy’s real gdp is $30,000 in year 1 and $31,200 in year 2. instructions: in part a, enter your answer as a whole number. in part b, round your answer to 2 decimal places. a. what is the growth rate of its real gdp? assume that population is 100 in year 1 and 102 in year 2. b. what is the growth rate of real gdp per capita?

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Suppose an economy’s real gdp is $30,000 in year 1 and $31,200 in year 2. instructions: in part a,...
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