Rate of growth of real gdp
Course:- Macroeconomics
Reference No.:- EM131326461

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The annual rate of growth of real GDP in a developing nation is 0.2percent. 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 0.6percent.Calculate the rate of growth of per capita real GDP before the increase in population growth.. (Enter your response as a percentage rounded to one decimal place.) If the rate of growth of real GDP remains unchanged, calculate the new rate of growth of per capita real GDP following the increase in the birthrate.. (Enter your response as a percentage rounded to one decimal place.)

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