ECN 360 - The annual rate of growth of real GDP

Question # 00621277 Posted By: dr.tony Updated on: 11/24/2017 05:40 AM Due on: 11/24/2017
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18-2. The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the country's population was stable from year to year. Recently, however, a significant increase in the nation's birthrate has raised the annual rate of population growth to 0.5 percent. (See page 414.)

a. What was the rate of growth of per capita real GDP before the increase in population growth?

b. If the rate of growth of real GDP remains unchanged, what is the new rate of growth of per capita real GDP following the increase in the birthrate?

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  1. Tutorial # 00619964 Posted By: dr.tony Posted on: 11/24/2017 05:40 AM
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