Question

1st attempt Feedback See Hint Real per capita GDP in China in 1961 was about $500, but it doubled to about $1000.00 by 1980. a. What was the average annual economic growth rate in China over the 19.00 years from 1961 to 1980? (NOTE: Round this to two places past the decimal point.) * 5.88 b. Per capita real GDP doubled in China again in only seven years, reaching $2000.00 by 1987.00. What was the average annual economic growth rate between 1980 and 1987.00? (NOTE: Round this to two places past the decimal point.) 5.88

Answer 1

Real per capita GDP 1961 = $ real per capita 4DP 1980 = $1000 Keal per capita 4DP 1950 I e II X10 Real per capita 40/1961) annual data m= is periodicity of the data. Here given so we take m=1 - No. of years. 1000 500 0.0 526 Xico - & 1.0371- 1] x 100 [.0 37 17 x 100 37 %

Real per capita 4 Plast Real per capita 40P 1980 x 10o 2 боо Хtoo 1000 О, (ЧЗ X (20 | | |09 - 1 — б. (оч x 1 0 - Точ /