this year real GDP per person in olympus is 45,000 while the year before it was 48,250. What is the growth rate of real GDP per Person

Md Ariful Islam

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Income per person, is the mean income within an economic aggregate such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population. GDP per capita growth = (GDP2 - GDP1)/GDP1*100% = (45,000 - 48,250)/45,000*100% = -7.22%, So, GDP per capita decreased and the growth rate is negative. this year real GDP per person in olympus is45,000 while the year before it was 48,250. What is the growth rate of real GDP per Person
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