What is the growth rate of real GDP per capita

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Suppose an economy's real GDP is $50,000 in year 1 and $53,500 in year 2. What is the growth rate of its real GDP between year 1 and year 2? Assume that population is 100 in year 1 and 103 in year 2. What is the growth rate of real GDP per capita?

Reference no: EM13896896

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