I'm really confused, could someone help explain this to me please?
An economy had nominal GDP growth of 8% last year, inflation of 5.5% and population growth of 2,5%. The approximate percentage change in real GDP per capita was..
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How do I calculate the answer? watch
- Thread Starter
- 17-04-2013 13:57
- 17-04-2013 14:02
First you calculate the % change in real GDP then divide it by the % change in population growth.
- 17-04-2013 14:07