Table 22-3
$$\begin{array} { | c | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Real GDP per Capita } \
\text { (2009 prices) }
\end{array} & \begin{array} { c }
\text { Growth Rate in Real } \
\text { GDP per Capita }
\end{array} \
\hline 2013 & \$ 28,000 & \
\hline 2014 & 29,000 & \
\hline 2015 & 30,000 & \
\hline 2016 & 31,000 & \
\hline
\end{array}$$
-Refer to Table 22-3.Use the table above to calculate the annual growth rate in GDP.Also calculate the total percentage change in the growth from 2013 through 2016.Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.

Question

Table 22-3
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP per Capita } \
\text { (2009 prices) }
\end{array} & \begin{array} { c } 
\text { Growth Rate in Real } \
\text { GDP per Capita }
\end{array} \
\hline 2013 & \$ 28,000 & \
\hline 2014 & 29,000 & \
\hline 2015 & 30,000 & \
\hline 2016 & 31,000 & \
\hline
\end{array}$$
-Refer to Table 22-3.Use the table above to calculate the annual growth rate in GDP.Also calculate the total percentage change in the growth from 2013 through 2016.Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.

Quizplus · Accepted Answer

The Answer of Table 22-3
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP per Capita } \
\text { (2009 prices) }
\end{array} & \begin{array} { c } 
\text { Growth Rate in Real } \
\text { GDP per Capita }
\end{array} \
\hline 2013 & \$ 28,000 & \
\hline 2014 & 29,000 & \
\hline 2015 & 30,000 & \
\hline 2016 & 31,000 & \
\hline
\end{array}$$
-Refer to Table 22-3.Use the table above to calculate the annual growth rate in GDP.Also calculate the total percentage change in the growth from 2013 through 2016.Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.

Table 22-3 -Refer to Table 22-3