The percent change in nominal gross domestic product (GDP)minus the percent change in prices and the rate of population growth equals

Question

Quizplus · Accepted Answer

The calculation described in the question is that of the percent change in per capita real GDP. By subtracting the percent change in prices and the rate of population growth, we arrive at the percent change in the purchasing power of each individual in the economy, which is what real per capita GDP measures. Therefore, choice D is the best answer.

The Percent Change in Nominal Gross Domestic Product (GDP)minus the Percent