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Answer to Question #14193 in Macroeconomics for marchelle
Question #14193
assume the population is 2000 in year 1 and 1020 in year 2. what is the growth rate in GDP per capita?
Expert's answer
Growth rate in GDP per capita is 1/to growth rate of population:
Growth rate=Population in year 2/Population in year 1= 1020/2000=0,51
Growth rate in GDP per capita=1,96
Growth rate=Population in year 2/Population in year 1= 1020/2000=0,51
Growth rate in GDP per capita=1,96
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