Real per capita GDP in Singapore in 1958 was about $400, but it doubled to about $800.00 by 1977.
a. What was the average annual economic growth rate in Singapore over the 19.00 years from 1958 to 1977? (NOTE: Round this to two places past the decimal point.)
%
b. Per capita real GDP doubled in Singapore again in only seven years, reaching $1600.00 by 1984.00. What was the average annual economic growth rate between 1977 and 1984.00? (NOTE: Round this to two places past the decimal point.)
%