Question: 4.The table below presents macroeconomic data for two nations: Raljon and Kabukistan. Raljon Kabukistan Nominal GDP growth 12% 5% Inflation 10% 2% Unemployment rate 12%
4.The table below presents macroeconomic data for two nations: Raljon and Kabukistan.
Raljon
Kabukistan
Nominal GDP growth
12%
5%
Inflation
10%
2%
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 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
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