Between 1993 and 2003, Guatemala experienced real GDP growth of about 3.6% a year. Over that same period, population grew at 2.8% a year, so real GDP per capita in Guatemala grew at:
A) 0.8% a year.
B) 2.8% a year.
C) 3.2% a year.
D) 6.4% a year.

Question

Quizplus · Accepted Answer

Real GDP per capita growth is calculated by subtracting population growth rate from the real GDP growth rate. Therefore, 3.6% - 2.8% = 0.8%.

Between 1993 and 2003, Guatemala Experienced Real GDP Growth of About