Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before, real GDP was $502.0 billion and the population was 2.0 million. What was the approximate growth rate of real GDP per person?
A) 16 percent
B) 13 percent
C) 10 percent
D) 7 percent
Correct Answer:
Verified
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