Suppose a country's real GDP increased 3 percent between 2016 and 2017, while its population increased 2 percent. Between 2016 and 2017, real GDP per capita of this country
A) increased by 5 percent.
B) increased by 1percent.
C) decreased by 5 percent.
D) decreased by 1 percent.
E) remained the same.
Correct Answer:
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Q4: The long-run upward trend in real GDP
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Q6: Which of the following trends were not
Q7: Over the past 50 years, the average
Q8: According to the textbook, which of the
Q9: According to the textbook, which of the
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Q11: GDP is
A)a term used for economic growth.
B)a
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