Annual real per capita gross domestic product (GDP)in the United States was roughly $44,000 in 2010.If it grew by 3 percent the following year,by 2011 the annual real per capita GDP would be

Question

Quizplus · Accepted Answer

To find the 2011 per capita GDP, we need to multiply the 2010 per capita GDP by 1 + the growth rate (as a decimal).

Per capita GDP in 2011 = $44,000 x 1.03 = $45,320

Therefore the correct option is D) $45,320.

Annual Real Per Capita Gross Domestic Product (GDP)in the United