Question: Use the data for the United States in this table to answer the following questions. Year _____________Real GDP per Capita (2009 prices) 2010 .................................. $47,719

Use the data for the United States in this table to answer the following questions.

Year _____________Real GDP per Capita (2009 prices)

2010 .................................. $47,719

2011 ..................................48,116

2012 ..................................48,822

2013 ..................................49,184

2014 ..................................50,010

a. What was the percentage change in real GDP per capita between 2010 and 2014?

b. What was the average annual growth rate in real GDP per capita between 2010 and 2014?

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Year Real GDP per Capita 2009 prices Annual Growth Rate 2010 47719 2011 4811... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1347-B-A-A-M-E(1015).docx

120 KBs Word File

Students Have Also Explored These Related Micro Economics Questions!