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What is the growth rate of its real GDP

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Reference no: EM131710107

Question - Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP? Assume that population was 100 in year 1 and 102 in year 2. What is the growth rate of GDP per capita?

Reference no: EM131710107

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