The table below shows the real GDP and population for
the years 2000 and 2010 of a small island nation.
Year
Real GDP
Population
2000
10,000
800
2010
22,000
950
Where applicable, round your answers to two decimal
places.
(a) Calculate the annual growth rate of real GDP over
the 10 years (from 2000 to 2010).
(b) Calculate the annual growth rate of real GDP per
capita over the 10 years (from 2000 to 2010).