Last year real GDP per person in the imaginary nation of Davisland was $4,310. The year before it was $4,200. By about what percentage did real GDP per person grow during the period?
A)11 percent
B)0.03 percent
C)3 percent
D)1 percent

Question

Quizplus · Accepted Answer

The growth in real GDP per person is calculated as [(4310 - 4200) / 4200] * 100 = (110 / 4200) * 100 ≈ 2.62%, which rounds to approximately 3 percent.

Last Year Real GDP Per Person in the Imaginary Nation