A nation's real GDP increased from $225 billion to $230 billion in one year. In that same year, the nation's population increased from 125 million to 126 million.
a. Calculate the nation's real GDP per capita growth rate.
b. If this nation maintained this growth rate, how many years would it take for real GDP per capita to double?

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The Answer of A nation's real GDP increased from $225 billion to $230 billion in one year. In that same year, the nation's population increased from 125 million to 126 million.
a. Calculate the nation's real GDP per capita growth rate.
b. If this nation maintained this growth rate, how many years would it take for real GDP per capita to double?

A Nation's Real GDP Increased from $225 Billion to $230