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27 March, 07:56

From 2007-2008 nation a saw real gdp increase from $100 billion to $106 billion. the population of nation a also grew from 50 million to 51 million from 2007-2008. the annual growth rate in real gdp per capita was approximately:

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  1. 27 March, 08:19
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    Real GDP (2007) = $100 billion.

    Real GDP (2007) = $106 billion.

    The population (2007) = 50 million.

    The population (2008) = 51 million.

    The annual growth of Real GDP = $106 billion - $100 billion =

    = $6 billion = $6,000,000,000.

    The annual growth of the population:

    51 million - 50 million = 1 million = 1,000,000

    $6,000,000,000 : 1,000,000 = $6,000

    Answer: The annual growth rate in Real GDP per capita is $6,000.
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