2. The table below presents long-run macroeconomic data for two hypothetical nations, A and B:

A B Nominal GDP growth 12% 5%

Inflation 10% 2%

Nominal interest 4% 4%

Unemployment rate 12% 5%

Population growth 1.5% 1%

Assume that both nations start with real GDP of $1,000 per citizen. Fill in the blanks in the following table, assuming that the data above apply for every year considered.

A B Economic growth rate ________ ________ Years required for real per capita GDP to double ________ ________ Real per capita GDP 140 years later ________ ________