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 the population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?

Answer 1

Answer:$300

Explanation: Division economy for population.

Answer 2

0.96%

Step-by-step explanation:

i divided 30000 by 31000