Suppose that the real Gross Domestic Product (GDP)growth rate for a country was 7 percent and the population growth rate was 3 percent. What would the per capital real Gross Domestic Product (GDP)growth rate be for this country?

Question

Quizplus · Accepted Answer

Per capita real GDP growth rate = Real GDP growth rate - Population growth rate
= 7% - 3%
= 4%
Therefore, the per capita real GDP growth rate for this country would be 4 percent.

Suppose That the Real Gross Domestic Product (GDP)growth Rate for a Country