Saturday

December 20, 2014

December 20, 2014

Posted by **animal** on Monday, May 12, 2008 at 1:22am.

The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the countries' population was stable from year to year. Recently, however, a significant increase in the nation's birth rate has raised the annual rate of population growth to 0.5 percent. Answer the following questions:

a.What was the rate of growth of per capita real GDP before the increase in population growth?

b.If the rate of growth of real GDP remains unchanged, what is the new rate of growth of per capita real GDP following the increase in the birthrate?

- Macroeconomics -
**economyst**, Monday, May 12, 2008 at 9:00amThink it through. GDP per capita is simply GDP/Pop. Let a be the growth in real GDP, and let b be the growth in the population. Then the growth in per captita real GDP is (a*GDP)/(b*Pop).

Take in from here.

**Answer this Question**

**Related Questions**

Macroeconomics* Please check my answers* - If real GDP per capita grows at a ...

macroeconomics - Year - 2000 Nominal GDP: 9,817 Real GDP: ___________ GDP ...

Economic - All of the following refer to the Economy of Ecoland: - GDP in 1990 ...

math - Average Growth Rate(2000-2009)of China - GDP: 10.9 Population: 0.8 Per ...

Macroeconomics - real GDP growth - I have graphed the real GDP growth over the ...

Economics - If the velocity of circulation is constant, real GDP is growing at 3...

Macroeconomics - Why do we consider a business-cycle expansion different from ...

macroeconomics - Why do we consider a business-cycle expansion different from ...

Economics - The task of my assignment was to calculate the Nominal GDP, given ...

Economics - 1) Which of the following is an example of a measure of labor ...