Problem
A nation's per capita real GDP was $2,000 in 2011, and the nation's population was 5 million in that year. Between 2011 and 2012, the inflation rate in this country was 5 percent, and the nation's annual rate of economic growth was 10 percent. Its population remained unchanged. What was per capita real GDP in 2012? What was the level of real GDP in 2012?
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.