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Calculate the compound annual growth rate

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Reference no: EM131246403

Check out the nominal GDP levels for U.S.A. in 2015 and 2009 from the website of U.S. Bureau of Economic Analysis. The 2015 GDP deflator relative to the base year 2009 is 110 (P2009).

Given that the U.S. population in 2015 is roughly 321.4 million, calculate the nominal GDP per capita in 2015.

Calculate real GDP for 2015 in 2009 dollars.

Calculate the compound annual growth rate of economic output from 2009 to 2015.

Reference no: EM131246403

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