Which of the following statements is correct?
A)During 1961-2017, Canadian real GDP has grown at about 3.2 percent per year and real GDP per capita has grown at about 2.1 percent per year.
B)During 1961-2017, Canadian real GDP has grown at about 2.1 percent per year and real GDP per capita has grown at about 3.3 percent per year.
C)between 1960 to 2010, Canadian real GDP and real GDP per capita have both grown at about 4 percent per year.
D)between 1960 to 2010, Canadian real GDP and real GDP per capita have both grown at about 2 percent per year.

Question

Quizplus · Accepted Answer

According to the question, we are given a time period of 1961-2017. Option A states that during this time period Canadian real GDP has grown at about 3.2 percent per year and real GDP per capita has grown at about 2.1 percent per year. This statement is correct as it matches the time period in the question and real GDP per capita growth is lower than real GDP growth, which is a common trend. Option B has the opposite trend and is therefore incorrect. Option C specifies a different time period and Option D provides a lower growth rate which is unrealistic for a period of 50 years.

Which of the Following Statements Is Correct