Question

economy A B GDP ($ million) 90000 120000 145000 160000 Prices 100         120 100 109 Population...

economy

A

B

GDP ($ million)

90000 120000

145000

160000

Prices

100         120

100

109

Population (mil)

3              3.2

5

6.4

1)Can population growth in itself be good?

a)Which had GDP per capita growth (A, B, both, neither)?

b)Which had inflation? (A, B, both, neither) Which had bigger inflation?

2)Is price growth by itself a good or bad thing?

a)Can real growth in itself be good?

b)Which had real growth (A, B, both, neither)? Which had more real growth?

3)Which had real per capita growth (A, B, both, neither)?

hint: You will calculate only one decimal figure at the end, if you do the above calculations correct

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