Question

Calculate the percentage change in per capita real GDP between 2018 and​ 2019: nothing​%. ​(Enter your response as a percentage rounded to two decimal​ places.)

Answer 1

3.27% change in per capital real GDP between 2018 and​ 2019.

Explanation:

The Per capital real of GDP = Real GDP / Population

In 2016 Per capital real of GDP:

$1.21 Billion / 9.68 Million(change billion to million)

= $1,210 Million / 9.68 Million

= $125

In 2017 Per capital real of GDP::

$1.5 Million / 11.62 Million

= $1,500 Million / 11.62 Million

= $129.09

Therefore Growth in real GDP per capital = ($129.09 / $125) - 1

= 3.27%