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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 29
Use the following data to work Problem.
China's real GDP per person was 11,480 yuan in 2011 and 12,515 yuan in 2012. India's real GDP per person was 45,045 rupees in 2011 and 47,995 rupees in 2012.
The population of China is growing at 1 percent a year and the population of India is growing at1.4 percent a year. Calculate the growth rate of real GDP in each country.
China's real GDP per person was 11,480 yuan in 2011 and 12,515 yuan in 2012. India's real GDP per person was 45,045 rupees in 2011 and 47,995 rupees in 2012.
The population of China is growing at 1 percent a year and the population of India is growing at1.4 percent a year. Calculate the growth rate of real GDP in each country.
Explanation
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Given information:
Table-1 gives the de...
Macroeconomics 11th Edition by Michael Parkin
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