In 2011,per capita real gross domestic product (GDP)in Mexico was roughly $10,100.If Mexico experienced economic growth of 4.8 percent in 2012,per capita real GDP would increase to

Question

Quizplus · Accepted Answer

To calculate the new per capita real GDP, we need to multiply the old per capita real GDP by (1+ growth rate). So, $10,100 x 1.048 = $10,585. Therefore, the answer is A.

In 2011,per Capita Real Gross Domestic Product (GDP)in Mexico Was