to calculate the following YEAR 2010 2011 2012 2013 2014 Use the data for the country of New Finlandia…

to calculate the following YEAR 2010 2011 2012 2013 2014 Use the data for the country of New Finlandia…

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to calculate the following
YEAR
2010
2011
2012
2013
2014
Use the data for the country of New Finlandia in the following table
REAL GDP PER CAPITA
(2005 PRICES)
$41,693
42,799
42,417
43,483
43,240
(HINT: Remember from the previous chapter that the average annual growth rate for relatively short periods can be
approximated by averaging the growth rates of those years)
a. The percentage increase in real GDP per capita between 2010 and 2014 is % (Enter your response rounded
to two decimal places)
b. The average annual growth rate in real GDP per capita between 2010 and 2014 is % (Enter your response
rounded to two decimal places)

Expert Answer:

Answer rating: 100% (QA)

a Real GDP per Capita in 2010 41693 Real GDP per Capita in 2014 43240 Increase in G
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