If a nation-s rate of growth of economic growth is 3 percent and its rate of population growth is 2 percent, then its rate of growth in aggregate real income is:

Name: If a nation-s rate of growth of economic growth is 3 percent and its rate of population growth is 2 percent, then its rate of growth in aggregate real income is:
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Question

Quizplus · Accepted Answer

The rate of growth in aggregate real income is the sum of the rate of economic growth and the rate of population growth, which is 3 percent + 2 percent = 5 percent.

If a Nation-S Rate of Growth of Economic Growth Is