If the real GDP per capita in 2004 is $36 000 and in 2005 it is $37 800, what is the economic growth rate?   a. 4.76%     b. 5.00%     c. $1800     d. –4.76%

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 22CTQ: Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita...
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If the real GDP per capita in 2004 is $36 000 and in 2005 it is $37 800, what is the economic growth rate?

  a.

4.76%

    b.

5.00%

    c.

$1800

    d.

–4.76%

 

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