From 2010 to 2011, nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. As a result, real GDP per capita _____ because real GDP rose _____ than the population.

Question

Quizplus · Accepted Answer

Real GDP per capita is calculated by dividing real GDP by population. In this case, real GDP increased by 6 billion while population increased by only 1 million. This means that real GDP per capita increased because real GDP rose faster than the population.

From 2010 to 2011, Nation A's Real GDP Increased from $100