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sergeinik [125]
3 years ago
9

Consider the​ following: Year Population ​(Millions) Real GDP ​($ Billions) GDP Deflator 2018 121 2019 125 Calculate the percent

age change in per capita real GDP between 2018 and​ 2019: nothing​%. ​(Enter your response as a percentage rounded to two decimal​ places.)

Business
1 answer:
horrorfan [7]3 years ago
5 0

Answer: 3.59%

Explanation:

Real GDP per capita is the Real GDP divided by the population of the country.

Real GDP per Capita 2018

= 1,150,000,000/ 10,080,000

= 114.0873

= $114.0873

Real GDP per Capita 2019

= 1,430,000,000/ 12,100,000

= $118.1818

Percentage Change

= \frac{118.1818 - 114.0873}{114.0873}

= 3.59%

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Explanation:

Please check the answer.

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