Need economics help with real GDP

Economics
Tutor: None Selected Time limit: 1 Day

Dec 18th, 2015

Thank you for the opportunity to help you with your question! I am keeping it as detailed as possible, i expect you to come back again for more lessons :D

To calculate the Economic growth 

gdp2-gdp1/gdp1

88440-75000/75000

0.1792 Approximately for the first question (Answer 1)

For the second question:

Population(future)= Present Population x(1+i)

Where i is the GDP growth rate we calculated 

268=250x(1+0.2)

268=250*1.2*x

0.89333 (approximately) (ANswer2)

Please let me know if you need any clarification. I'm always happy to answer your questions. Please give a good review. It is very important :D
Dec 18th, 2015

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