During 2009, the country of Economia had a real GDP of $115 billion and the population was 0.9 billion. In 2008, real GDP was $105 billion and the population was 0.85 billion. Economia's growth rate of real GDP per person is
A) 9.52 per cent.
B) 5 per cent.
C) 3.23 per cent.
D) 5.88 per cent.
Correct Answer:
Verified
Q90: Which of the following does NOT increase
Q91: The labour force participation rate
A)has an inverse
Q92: The supply of labour curve is
A)horizontal at
Q93: Neoclassical growth theory attributes economic growth to
A)the
Q94: An increase in education and training
A)increases the
Q96: If the price level rises by 3
Q97: Most _ is embodied in physical capital.
A)human
Q98: Human capital is the
A)plant and equipment produced
Q99: Which of the following policy actions could
Q100: Within neoclassical growth theory, technological change _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents