China\'s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006.

Question

China's real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China's population growth rate in 2006 was 0.5 percent Calculate the growth rate of real GDP and the growth rate of real GDP per person in China in 2006 The growth rate of real GDP in China in 2006 was 8.19 percent >>Answer to 1 decimal place The growth rate of real GDP per person in China in 2006 was 7.69 percent. >>> Answer to 1 decimal place. The approximate number of years it takes for real GDP per person in China to double f the 2006 growth rate of real GDP and populaion growth rate are maintained is >>Answer with a whole number

Explanation / Answer

Growth rate of real GDP = (8000 - 7394)/7394 = 8.2%

Growth rate of real GDP per person = (8.2 - 0.5)% = 7.7%

Approximate number of years to double = 70/8.2 = 9

All the statements are correct.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.