Between 1926 and 2016, the average growth rate of real GDP per person in Canada was _______ percent a year.During this period, _______ grew at a faster rate than the population.

Question

Quizplus · Accepted Answer

The question asks for the average growth rate of real GDP per person in Canada between 1926 and 2016. Option A is too low, while option E is too high. Option C is close, but it refers to GDP, not real GDP per person. Option B is incorrect because it refers to the growth rate of real GDP in general, not real GDP per person specifically. Therefore, the correct answer is D, which states that the average growth rate of real GDP per person in Canada was 2.0 percent a year between 1926 and 2016. Additionally, the statement in option D that real GDP grew at a faster rate than the population is also correct, as GDP per capita is a measure of economic growth that takes population growth into account.

Between 1926 and 2016, the Average Growth Rate of Real