Defining per capita GDP in 2014 as $y _ { 2014 }$ and per capita GDP in 2015 as $y _ { 2015 } ,$ the growth rate of per capita GDP, $\bar { g } ,$ from 2014 to 2015 is given by $\bar { g } = \left( \bar { y } _ { 2015 } - \bar { y } _ { 2014 } \right) / \bar { y } _ { 2015 }$

Question

Defining per capita GDP in 2014 as

y _ { 2014 }

and per capita GDP in 2015 as

y _ { 2015 } ,

the growth rate of per capita GDP,

\bar { g } ,

from 2014 to 2015 is given by

\bar { g } = \left( \bar { y } _ { 2015 } - \bar { y } _ { 2014 } \right) / \bar { y } _ { 2015 }

Quizplus · Accepted Answer

The growth rate formula should be $\bar { g } = \left( \bar { y } _ { 2015 } - \bar { y } _ { 2014 } \right) / \bar { y } _ { 2014 }$, not divided by $\bar { y } _ { 2015 }$.

Defining Per Capita GDP in 2014 As y2014y _ { 2014 }y2014​

Defining Per Capita GDP in 2014 As $y _ { 2014 }$