In 2004 Empira had a population of 5,000 and real GDP of 500,000.In 2005 it had a population of 5,100 and real GDP of about 520,200.So,real GDP per person in Empira grew at about
A) 2%, which is high compared to average US growth over the last one-hundred years.
B) 2%, which is about the same as average US growth over the last one-hundred years.
C) 4% which is high compared to average US growth over the last one-hundred years.
D) 4% which is about the same as average US growth over the last one-hundred years.
Correct Answer:
Verified
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