In India last year, the growth rate of real GDP was 3.5 percent and the population grew from 1,000 million people to 1,100 million. Real GDP per person

Question

Quizplus · Accepted Answer

The population increased by 10% (from 1,000 million to 1,100 million), while real GDP grew by only 3.5%. Therefore, real GDP per person decreased because the population growth outpaced GDP growth. The decrease is approximately 6.5%.

In India Last Year, the Growth Rate of Real GDP