The following variables might appear in a macroeconomic growth model: Y = real GDP; M= money supply;

Question:

The following variables might appear in a macroeconomic growth model: Y = real GDP; M= money supply; P = price level; and L = labor supply. Suppose that the continuously compounded rates of growth are 2 percent for Y, 4 percent for M, 3 percent for P, and 1 percent for L. What are the continuously compounded growth rates of

a. Nominal GDP?

b. The real money supply?

c. Real per capita GDP?

d. Nominal per capita GDP?

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