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) 0.13 per cent.
B) 0 per cent.
C) 7.75 per cent.
D) 1.6 per cent.
E) 6 per cent.
Correct Answer:
Verified
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A) a sustained