Homework Answers
(a) percentage increase in real GDP per capita between 2010 and 2014 =
(Real GDP 2014 - Real GDP 2010/ Real GDP 2010)*100
= (43441 - 41848 / 41848)*100
= (1593/41848)*100 = 3.81%
(b) average annual growth = percentage increase in real GDP per capita between 2010 and 2014 / number of years
= 3.81/4 = 0.95%
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