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In 2012,Freedonia Had a Population of 2700 and Real GDP

Question 36

Multiple Choice

In 2012,Freedonia had a population of 2700 and real GDP of about $1 080 000.In 2011,it had a population of 2500 and real GDP of about $1 000 000.What was the approximate growth rate of real GDP per person in Freedonia between 2011 and 2012?


A) 0 percent
B) 2.5 percent
C) 5 percent
D) 7.5 percent

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