Query on GNP

Discussion in 'CT7' started by jeetenge, Jun 2, 2008.

  1. jeetenge

    jeetenge Member

    Hi,

    In the course note, chapter 12, Page 24

    In the example mentioned, it said that the GNP in 1960 was 22.9bn(1960 prices and in 1980 it was 354.3bn(1980 prices). The economic growth they got is 10.5% per year.

    I am not able to get this figure of 10.5% per year. Can anybody tell me how they got this figure.

    Thanks.
     
    jeetenge, Jun 2, 2008
    #1
  2. Charlie

    Charlie Member

    Isn't the rest just inflation?

    Are you working from the 2008 version of the notes? In my notes (the 2008 version) it gives a different example (from 1960 to 2006).
     
    Charlie, Jun 4, 2008
    #2
  3. jeetenge

    jeetenge Member

    I recieved my notes in 2007. Whether there has been any upgrade in 2008. If so where can I get the upgrade from, is it available on the net.
     
    jeetenge, Jun 4, 2008
    #3
  4. Michael

    Michael Member

    Michael, Jun 4, 2008
    #4
  5. jeetenge

    jeetenge Member

    Thanks for the URL.

    I have gone through the upgrade and found that I already have the upgrade. Anyway can you help me with this question.
     
    jeetenge, Jun 5, 2008
    #5

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