Solved

GDP Per Capita in New Zealand Grew from $15,000 to $25,000

Question 19

Multiple Choice

GDP per capita in New Zealand grew from $15,000 to $25,000 over 10 years. What formula should you use to find New Zealand's average growth rate (g) over these 10 years?


A) g = (25,000 - 15,000) /10
B) 15,000 × (1 + g) 10= 25,000
C) 25,000 × (1 + g) 10 = 15,000
D) g10 = (25,000 - 15,000)

Correct Answer:

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