Know Growth Rate Identities


True or False?
Know the rules at the top of page 54 (of Jones Macro Econ Crisis Ed), and be able to apply them in the example on page 54-55 – the example is exactly this question, but with different growth rates.




~ Moral of this story, know the identities at page 54-55 (of Jones Macro Econ Crisis Edition).
And be ready to do this sort of simple algebra if asked.


  then in terms of growth rates we have the following;   
       
       

And 0.03 is not 2%.

So false.



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