Suppose a country’s population grows at the rate of 2% per year and its output grows at the rate of 3% per year. Calculate its rate of growth of per capita output. a. If instead its population grows...

Suppose a country’s population grows at the rate of 2% per year and its output grows at the rate of 3% per year.

Calculate its rate of growth of per capita output.

a. If instead its population grows at 3% per year and its output grows at 2% per year, calculate its rate of growth of per capita output.