The real GDP per capita growth rate is captured by subtracting the percentage changes in:
A) both prices and population from the nominal GDP growth rate.
B) both population and capital depreciation from the nominal GDP growth rate.
C) prices from the nominal GDP growth rate.
D) population from the nominal GDP growth rate.
Correct Answer:
Verified
Q3: According to the rule of 70, if
Q4: Historically, real income per person:
A) barely changed
Q5: If a country grows at an average
Q6: Over the last 100 years or so,
Q7: In a given year, suppose the real
Q9: According to the rule of 70, a
Q10: In a given year, suppose the nominal
Q11: If a country grows at an average
Q12: We can roughly estimate how long it
Q13: In general, the number of years it
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