Australia's annual growth rate of real GDP per person was 2.08 per cent for the period 1950-2000.Which of the following statements is correct?
A) This means that Australia's real GDP per person actually rose exactly 2.08 per cent every year
B) This means that Australia's real GDP per person actually rose less than 2.08 per cent every year
C) This means that Australia's real GDP per person actually rose more than 2.08 per cent every year
D) This does not mean that Australia's real GDP per person actually rose exactly 2.08 per cent every year
Correct Answer:
Verified
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