Suppose our GDP were to rise from $20 trillion in 2010 to $40 trillion in 2020,when the GDP deflator is 160.And suppose that our population rose from 320 million in 2010 to 350 million in 2020.(1)How much is per capita real GDP in 2020;and (2)by what percentage did per capita real GDP rise between 2010 and 2020? Hint: Do the problem in four steps: (1)Find real GDP in 2020; (2)Find per capita real GDP in 2020; (3)Find per capita real GDP for 2010;and (4)Find the percentage rise in per capita real GDP between 2010 and 2020.
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