The economy of Redania had an aggregate GDP of 300 billion dollars in 1961 when its...
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The economy of Redania had an aggregate GDP of 300 billion dollars in 1961 when its population was 21 million people. In 2013, Redania's aggregate GDP was 900 billion dollars and its population had grown at an average annual growth rate of 1.1% from 1961 to 2013. (a) (5 points) Compute the GDP per capita in Redania in 1961 (round to the closest dollar). (b) (5 points) Compute the population of Redania in 2013 (round to the closest person). (c) (7.5 points) Compute the average annual growth rate of aggregate GDP in Redania from 1961 to 2013 (round to 1 decimal place in percent e.g., 4.3%). (d) (7.5 points) Compute the average annual growth rate of GDP per capita from 1961 to 2013 (round to 1 decimal place in percent e.g., 4.3%). The economy of Redania had an aggregate GDP of 300 billion dollars in 1961 when its population was 21 million people. In 2013, Redania's aggregate GDP was 900 billion dollars and its population had grown at an average annual growth rate of 1.1% from 1961 to 2013. (a) (5 points) Compute the GDP per capita in Redania in 1961 (round to the closest dollar). (b) (5 points) Compute the population of Redania in 2013 (round to the closest person). (c) (7.5 points) Compute the average annual growth rate of aggregate GDP in Redania from 1961 to 2013 (round to 1 decimal place in percent e.g., 4.3%). (d) (7.5 points) Compute the average annual growth rate of GDP per capita from 1961 to 2013 (round to 1 decimal place in percent e.g., 4.3%).
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Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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