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Author Question: Real GDP per Capita Across TimeIf real GDP per capita in a small country in year 1 is $8000, and 2 ... (Read 77 times)

jojoperlo_

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Question 1

Real GDP per Capita Across Time

If real GDP per capita in a small country is $8000, what will real GDP per capita in that country be after 10 years if real GDP per capita grows at an annual rate of 2.8%?(Round to the nearest dollar.)
◦ $10,544
◦ $28,571
◦ $8028
◦ $37,620

Question 2

Real GDP per Capita Across Time

If real GDP per capita in a small country in year 1 is $8000, and 2 years later real GDP per capita is $11,500, what is the approximate average annual percent change in the growth rate of real GDP per capita between those 2 years? (Round to the nearest tenth.)
◦ 21.9%
◦ 17.5%
◦ 15.2%
◦ 71.9%


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Marked as best answer by jojoperlo_ on Nov 23, 2022

katrey9207

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jojoperlo_

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review


flexer1n1

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Reply 3 on: Yesterday
Excellent

 

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