The population in the current year is 31.5 million and the real GDP is $814 million. The previous Year's statistics were a population of 31 million and a real GDP of $800 million. The change in the standard of living, measured by growth in real GDP per person, is
A) 0 percent.
B) 0.13 percent.
C) 6 percent.
D) 1.6 percent.
E) 7.75 percent.
Correct Answer:
Verified
Q7: The new growth theory asserts that
A)technology improves
Q8: A technological change--------------------and a change in the
Q9: A key element of the classical growth
Q10: The new growth theory's comparison of the
Q11: The classical theory was developed in the
Q13: Economic freedom means that
A)the rule of law
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