The Harrod-Domar model: - Brown University
3) Real GDP per capita in 1960, $564, grew over a 36 year period to $2,374. This can be expressed as: , where g is the average annual growth rate. To solve for g, divide both sides by $564: . Now raise each side of the equation to 1/36: . So, . Thus, China’s real GDP per capita … ................
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