According to the figure, in how many years since 1990 (i.e., 1991-2016) has GDP grown Instructions
According to the figure, in how many years since 1990 (i.e., 1991-2016) has GDP grown Instructions: Enter your responses as a whole number.
a. Faster than the population (1.1 percent growth)?
_______ year(s)
b. Slower than the population?
_______ year(s)
Homework Answers
Population growth rate = 1.1% (Given)
(a) 38 years
Out of the given years, real GDP growth rate has been higher than 1.1% in 38 years. You can count this number by counting those blue bars whose value is higher than 1.1%.
(b) 9 years
Out of the given years, real GDP growth rate has been lower than 1.1% in 9 years (including negative growth in real GDP). You can count this number by counting those blue and orange bars whose value is lower than 1.1%.
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