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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 3
Calculate real growth per capita in the following countries:
a. Democratic Republic of Congo: population growth = 3.0 percent; real output growth = - 1.8 percent.
b. Estonia: population growth = - 0.4percent; real output growth = 4.2 percent.
c. India: population growth = 2.0 percent; real output growth = 6 percent.
d. United States: population growth = 0.5 percent; real output growth = 2.5 percent.
a. Democratic Republic of Congo: population growth = 3.0 percent; real output growth = - 1.8 percent.
b. Estonia: population growth = - 0.4percent; real output growth = 4.2 percent.
c. India: population growth = 2.0 percent; real output growth = 6 percent.
d. United States: population growth = 0.5 percent; real output growth = 2.5 percent.
Explanation
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a. Per capita GDP growth can be calculat...
Macroeconomics 8th Edition by David Colander
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