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2 years ago

Suppose gdp per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of gdp per capita from 1912 to 1913 is ________.

1 answer:

N76 [4]2 years ago

6 0

Suppose GDP per capita is $2,500 in 1912 and $2,550 in 1913. the growth rate of GDP per capita from 1912 to 1913 is 2 percent, 2,550-2500/2500 * 100.

The annual growth rate of real gross domestic product (GDP) per capita is calculated as the percentage change in real GDP per capita for two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or region.

To calculate the growth rate, take the current value and subtract it from the previous value. Then divide this difference by the previous value and multiply by 100 to get a growth rate percentage plot.

GDP is therefore defined by the following formula: GDP = Consumption + Investment + Government Expenditure + Net Exports, or simply put, GDP = C + I + G + NX, Consumption (C) represents personal consumption expenditure of households and non-consumers. -Commercial Entities. Investment (I) refers to business expenses

Learn more about GDP here brainly.com/question/1383956

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