Nominal GDP in Zambia has grown rapidly in recent years. But historically, Zambia is a country that has struggled with inflation rates. The table below gives statistics for Zambia in a recent year.
Nominal GDP in Zambia has grown rapidly in recent years. But historically, Zambia is
a country that has struggled with inflation rates. The table below gives statistics for Zambia in a recent year.
Nominal GDP growth rateGDP deflator growth ratePopulation growth rate 9.8%7.1%1.1%
What was the rate of economic growth for Zambia? % (Round your answer to the nearest tenth.)
If Zambia continues to grow at its current rate of economic growth, how long will it take to double the level of per capita real GDP? Round your answer to the nearest tenth.
years
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