[Related to Don't Let This Happen To Your] Use the data for the country of New...

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[Related to Dont Let This Happen To Your] Use the data for the country of New Finlandia in the following table to calculate

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Answer 1

Answer #1

GDP per capita in 2014 GDP per capita in 2010 *100 increase in real GDP per capita GDP per capita in 2010

43032-41615 100 41615

1417 100 41615

= 3.41

The average annual growth rate = (Growth in year 2011+ Growth in year 2012 + Growth in year 2013+Growth in year 2014)/ 4

REAL GDP PER CAPITA (2005 PRICES) YEAR 2010 41615 2011 42874 3.03 2012 42184 -1.61 2013 43043 2.04 2014 43032 -0.03

The average annual growth rate

=[3.03+(-1.61)+2.04+(-0.03)]/4

=3.43/4

=0.86

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Answer 2

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