00:01
Hello students, we are asked in the question.
00:03
Assume gdp per capita and constant dollars was this in 2013 and for 2003 and for 2004 the value is given.
00:14
In this case the economy's growth rate would be.
00:18
So basically if i write here for this gdp per capita, gdp in 2003 we can write this as like gdp 1 ,000, we can write this as like gdp 1 ,000 ,000, we can write this as like gdp 1 ,000 ,000.
00:33
Which is 30 ,000 250 and gdp in, if i write here for this, let's say this is d also, gdp in 2004, this will come out as gdp 2, which is $40 ,000.
01:01
Right.
01:04
So now we can write here growth rate is basically gdp.
01:10
In 2004 minus gdp in 2003 divided by gdp...