šŸ·ļø LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION ā†’
Log in
Economics
1
answer
0
watching
83
views

What is the real GDP growth rate formula?

Watch
1
answer
0
watching
83
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Ronaldo Mendoza
Ronaldo MendozaLv10
2 Sep 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

The following table gives nominal GDP and the price index for two years.Ā 

Ā 

YEAR NOMINAL GDP REAL GDPĀ  POPULATIONĀ 
2010 5600 4667 100
2011 6440 5031 Ā 105
Ā 
From the table, determine the per capita real GDP for each year, the growth rate of real GDP between 2010 and 2011, and the growth rate of per capita real GDP.Ā 
What is the per capita real GDP for each year, theĀ growth rate of real GDP between 2010 and 2011, was ________and the growth rate of per capita real GDP was ________.
Ā 
Which of the following is a good gauge of economic progress?
Ā 
a) the level of real GDP per person and the growth rate of real GDP per person
Ā 
b) neither the level nor the growth rate of real GDP per person
Ā 
c) the growth rate of real GDP per person, but not the level of real GDP per person
Ā 
d) the level of real GDP per person, but not the growth rate of real GDP per person

Suppose an economy's real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP = %

Assume that the population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?

Instructions: Round your answer to two decimal places.

The growth rate of the economy's real GDP per capita = %

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in