Home / Questions / Macroeconomics Question Japan’s real GDP was 515 trillion yen in 2003 and 529 trillion ye...
Macroeconomics Question
Japan’s real GDP was 515 trillion yen in 2003 and 529 trillion
yen in 2004 Japan’s population was 1277 million in 2003 and 1279 million in
2004 Calculate
a Japan’s
economic growth rate in 2004
b The
growth rate of real GDP per person in Japan in 2004
c The
approximate number of years it takes for real GDP per person in Japan to double
if the 2004 economic growth rate and population growth rate are maintained
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