Answer to Question #111354 in Macroeconomics for brianna

Question

In years 2000 and 2010 Country ABC’s real GDP per capita were $18,297 and $31,445 respectively. What was the annual real GDP per capita growth rate between 2000 and 2010?

Answer 1

The annual real GDP per capita growth rate between 2000 and 2010 was:

$\frac{31,445 - 18,297}{18,297*10}*100 = 7.19$ % per year.