From 2007–2008 nation a saw real gdp increase from $100 billion to $106 billion. the population of nation a also grew from 50 million to 51 million from 2007–2008. the annual growth rate in real gdp per capita was approximately:

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11-04-2017
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From 2007–2008 nation a saw real gdp increase from $100 billion to $106 billion. the population of nation a also grew from 50 million to 51 million from 2007–2008. the annual growth rate in real gdp per capita was approximately:

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HomertheGenius HomertheGenius · Answer 1 · 2017-04-14T15:55:10+02:00

HomertheGenius HomertheGenius

14-04-2017

Real GDP ( 2007 ) = $100 billion.
Real GDP ( 2007 ) = $106 billion.
The population ( 2007 ) = 50 million.
The population ( 2008 ) = 51 million.
The annual growth of Real GDP = $106 billion - $100 billion =
= $6 billion = $6,000,000,000.
The annual growth of the population:
51 million - 50 million = 1 million = 1,000,000
$6,000,000,000 : 1,000,000 = $6,000
Answer: The annual growth rate in Real GDP per capita is $6,000.

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