A nation's real GDP was $250 billion in Year 1 and $265 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP per capita in Year 2?
A) $2,120 per person
B) $212 per person
C) $21,200 per person
D) $205 per person
Correct Answer:
Verified
Q132: Which of the following is a measure
Q133: Real GDP = worker-hours × labor productivity.
Q134: Productivity growth was greater between 1973 and
Q135: Because of the recent rise in the
Q136: Proponents of economic growth claim that rising
Q138: Labor productivity = worker-hours/real GDP.
Q139: One hypothesis for declining productivity growth rates
Q140: Critics of economic growth say studies show
Q141: Which of the following does not correctly
Q142: Efficient financial institutions foster the flow of
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents