Last year real GDP in the Slothland was 345 billion and the population was 6.0 million. The year before, real GDP was 675 billion and the population was 7.0 million. The growth rate of real GDP per capita during the year was percent.

Last year real GDP in the Slothland was 345 billion and the population was 6.0 million. The year before, real GDP was 675 billion and the population was 7.0 million. The growth rate of real GDP per capita during the year was percent.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 3E

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Question

Last year real GDP in the Slothland
was 345 billion and the population was
6.0 million. The year before, real GDP
was 675 billion and the population was
7.0 million. The growth rate of real
GDP per capita during the year was
percent.
(Please round to 1 decimal place. For
example, if your answer is 9.98%,
please enter 10.0)

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