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21 October, 03:57

If per capita gdp in 2014 was $900, in 2015 was $1,000, and in 2016 was $1,200, the growth rate of per capita gdp between 2014 and 2016 was

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  1. 21 October, 04:18
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    The formula for Growth rate of per capita GDP is:

    Growth Rate = (per capita GDP in 2016 - per capita GDP in 2014) * 100 / per capita GDP in 2014

    Growth Rate = (1,200 - 900) * 100 / 900

    = 300 * 100 / 900

    = 30,000/900

    = 33.33 or 33

    Therefore, 33% is the per capita growth rate between 2014 and 2016.
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