Suppose a country's real GDP increased 5 percent between 2010 and 2011,while its population increased 2 percent.Between 2010 and 2011,real GDP per capita of this country

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Quizplus · Accepted Answer

Real GDP per capita is calculated by dividing real GDP by population. Between 2010 and 2011, real GDP increased by 5 percent and population increased by 2 percent. Therefore, real GDP per capita increased by (5% - 2%) = 3%.

Suppose a Country's Real GDP Increased 5 Percent Between 2010