(In other words, the per -
capita real growth rate plus the population growth rate plus the inflation rate is close to 6 %.)
Not exact matches
Countries can force up economic
growth rates (actual the
growth rate of economic activity) simply by mobilizing savings and forcing up investment
rates, but ultimately their inability to absorb continuously the higher levels of capital mean that they can not push
real wealth per
capita beyond some fairly hard constraint represented by their institutional inability to absorb investment.
Had the Liberals, after 2000, held spending
growth to a
rate sufficient to cover increases in population and inflation — that is, had they held spending constant in
real per
capita terms — they would have left the Tories with a budget of $ 148 billion in fiscal 2006, instead of the $ 175 billion it turned out to be.
The
rate of
growth in
real disposable household income per
capita is only 0.9 percent per year.
As well, its five - year average
growth rates for
real GDP per
capita and after - tax income are fairly solid by North American standards.
The following chart shows that since February 2015, the
growth rate of consumer revolving credit has nearly doubled from 3.4 % to 6.2 %, while the
growth rate of
real - per -
capita - disposable income has been cut almost in half, from 3.2 % to 1.7 %.
In fact, the long - run expected increase in the
real exchange
rate between two countries can be approximated by the difference in productivity
growth rates (estimated by
real per
capita GDP
growth rates).