Author Question: Country A's GDP per capita in the beginning of 2005 was 22,150. In the beginning of 2006, it ... (Read 102 times)

panfilo · **on:** Jun 30, 2018

Country A's GDP per capita in the beginning of 2005 was 22,150. In the beginning of 2006, it increased to 27,600. Calculate country A's growth rate of GDP per capita between 2005 and 2006.

What will be an ideal response?

Question 2

The curve that displays total planned real spending on goods and services at each price level by households, businesses, the government, and foreign residents is called

A) the employment curve. B) the aggregate demand curve.
C) the price level curve. D) the aggregate supply curve.

reelove4eva · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

In this case, the growth rate of GDP per capita of country A
= (27,600 - 22,150)/22,150 = 0.2460 = 24.60.

Answer to Question 2

B