If the real GDP in Haiti grew at an annual rate of 2 percent and the country's population grew at an annual rate of 4 percent,how long will it take for GDP per capita to double?
A)Approximately 36 years.
B)Approximately 18 years.
C)Approximately 72 years.
D)It will never double because population is increasing more rapidly than real GDP.

Question

Quizplus · Accepted Answer

GDP per capita will not double if the population grows at a faster rate than the real GDP, as the increase in GDP is diluted by the larger population size, leading to stagnant or even declining GDP per capita.

If the Real GDP in Haiti Grew at an Annual