A country's rate of real GDP growth is 7% per year. If real GDP per capita increases by 3%, at what rate is its population changing?
A) Population has increased by 10%.
B) Population has increased by 4%.
C) Population has decreased by 2.33%.
D) Population has decreased by 4%.

Question

Quizplus · Accepted Answer

The Answer of A country's rate of real GDP growth is 7% per year. If real GDP per capita increases by 3%, at what rate is its population changing?
A) Population has increased by 10%.
B) Population has increased by 4%.
C) Population has decreased by 2.33%.
D) Population has decreased by 4%.

A Country's Rate of Real GDP Growth Is 7% Per