4) In 2019 the imaginary country of Laffonia had a real GDP of $4.7 billion and a population of 310,000. In 2020 the real GDP was $5.0 billion and the population was 315,000. What was Laffonia’s...

4) In 2019 the imaginary country of Laffonia had a real GDP of $4.7 billion and a population of 310,000. In 2020 the real GDP was $5.0 billion and the population was 315,000.

What was Laffonia’s growth rate in real GDP (per person) between 2019 and 2020? Round off to two decimal places.