4. The table below presents macroeconomic data for two nations: Raljon and Kabukistan. Raljon Kabukistan Nominal GDP
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4. The table below presents macroeconomic data for two nations: Raljon and Kabukistan.
| Raljon | Kabukistan | |
| Nominal GDP growth | 26% | 6% |
| Inflation | 20% | 3% |
| Unemployment rate | 4% | 10% |
| Population growth | 5% | 1% |
Assume that both nations start with real GDP of $1,000 per citizen. Fill in the blanks in the table below, assuming the data above applied for every year considered.
| Raljon | Kabukistan | |
| Real GDP growth rate per person | ||
| Years required for real GDP per person to double | ||
| Real per person GDP in 140 years |
Expert Answer:
ANSWER Raijon Kabukistan Real GDP growth rate per person Nominal GDP Inlfation 2... View the full answer
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