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The rate of growth of real GDP is 8​%, and the rate of growth of the...

The rate of growth of real GDP is 8​%,

and the rate of growth of the population is 6​%.

The rate of growth of per capita real GDP is __​%. (Round your response to the nearest whole​ percent.)

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Answer #2

Growth of real GDP = 8​%

rate of growth of the population = 6​%

per capita real GDP is a measure of averge level of income in the country and is also adjusted for inflation. The main use of per capita real GDP is to compare the rates of economic growth across different countries.

Rate of growth of per capita real GDP is calculated by subtracting rate of growth of the population from rate of growth of real GDP.

Hence, rate of growth of per capita real GDP = 8%-6% = 2%

answered by: anonymous
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