Suppose an economyrsquos real gdp is 52000 in year 1 and, Business Economics

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Suppose an economyrsquos real gdp is 52000 in year 1 and

Suppose an economy’s real GDP is $52,000 in year 1 and $54,200 in year 2. What is the growth rate of its real GDP? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP = % Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP per capita = %

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Business Economics: Suppose an economyrsquos real gdp is 52000 in year 1 and

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