contestada

Last year the imaginary nation of Freedonia had a population of 2,700 and real GDP of 16,200,000. This year it had a population of 2,500 and real GDP of 14,640,000. What was the growth rate of real GDP per person between last year and this year?

Respuesta :

pedrocarratore

Answer:

-2.4%

Explanation:

The GDP per person of the nation of Freedonia for the current and last year, respectively, are:

[tex]GDP_C = \frac{14,640,000}{2,500}=5,856\\GDP_L = \frac{16,200,000}{2,700}=6,000[/tex]

The growth rate (R) between this year and last year is given by:

[tex]R=\frac{GDP_C-GDP_L}{GDP_L}\\R=\frac{5,856-6,000}{6,000}\\R=-0.024 = -2.4\%[/tex]

The growth rate of real GDP per person was -2.4%.

Otras preguntas