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3. We are calculating the economic growth of Bangladesh. The Real GDP of year 2015 and 2016 was S690 billion and S735 billion. Also the population was 135 million and 140 million respectively in 201:5 and 2016. Calculate the real GDP per capita for Bangladesh for the years 2015 and 2016. (4 points) Also calculate the economic growth between 2015 and 2016. (Show calculations) (4 points)

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Answer #1

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Real GDP per capita for 2015= Real GDP in 2015 / Population in 2015

Real GDP per capita for 2015=$690 billion /135 million =$5111.11

Real GDP for per capita for 2016=$735 billion/140 million =$5250

Economic growth =(Real GDP in 2016-Real GDP in 2015)/Real GDP in 2015

Economic Growth =(735-690)/690=6.52%

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