4. The following table gives some figures from a forecast of real GDP (in 2005 d

Question

4. The following table gives some figures from a forecast of real GDP (in 2005 dollars) and population done in mid-2010. According to the forecast, approximately how much real growth will there be between 2010 and 2011? What per capita real GDP projected to be in 2010 and in 2011? Compute the forecast rate of change in real GDP and per capita real GDP between 2010 and 2011.
Real GDP 2010 (billions) $13,406
Real GDP 2011 (billions) $13,792
Population 2010 (millions) 310.2
Population 2011 (millions) 313.2

Explanation / Answer

growth will be (13792-13406)/13792= 2.8% 2010=13406/310200000=.000043 2011=13792/313200000=.000044 Hope this helps

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