Consider the following statistics for Freedonia

GDP Population P

$1980$ $$70$ billion $5\mathrm{.}1$ million

$2000$ $$100$ billion $5\mathrm{.}3$ million

Calculate GDP pr capita for the two years $(6$ pts$)$

By what percent did total GDP grow between the two years $(3$ pts$)$

By what percent did GDP per capita grow between the two years $(3$ pts$)$

How can explain the difference between the two growth rates $(3$ pts$)$

Answer rating: 100% (QA)

GDP and Population for Freedonia 1980 GDP 70 billion Population 51 million 2000 ... View the full answer