In 2011,per capita real gross domestic product (GDP)in Mexico was roughly $10,100.If Mexico experienced economic growth of 4.8% in 2012,per capita real GDP would increase to:

Question

Quizplus · Accepted Answer

To calculate the new per capita real GDP in Mexico for 2012, we need to use the following formula:

New per capita real GDP = Old per capita real GDP x (1 + Growth rate)

Plugging in the given values, we get:

New per capita real GDP = $10,100 x (1 + 0.048) = $10,585

Therefore, the answer is A) $10,585.

In 2011,per Capita Real Gross Domestic Product (GDP)in Mexico Was