Solved: What is the growth rate of real gdp per capita in macroland, Macroeconomics

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What is the growth rate of real gdp per capita in macroland

Problem

Suppose the real GDP of Macroland is $1.367 trillion in Year 1 and $1.428 trillion in Year 2. Also, assume that population in Macroland grew from 128 million in Year 1 to 131 million in Year 2.

a. What is the growth rate of real GDP in Macroland during this period?

b. What is the growth rate of real GDP per capita in Macroland?

c. What is real GDP per capita in Macroland in Year 2?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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