Australia's annual growth rate of real GDP per person was 2.08 per cent for the period 1950-2000. Which of the following statements is correct?
A) This means that Australia's real GDP per person actually rose exactly 2.08 per cent every year
B) This means that Australia's real GDP per person actually rose less than 2.08 per cent every year
C) This means that Australia's real GDP per person actually rose more than 2.08 per cent every year
D) This does not mean that Australia's real GDP per person actually rose exactly 2.08 per cent every year
Correct Answer:
Verified
Q1: Productivity measures the quality of goods and
Q4: Japan's growth in average income and rise
Q5: An economy can increase its real rate
Q8: In which of the following countries has
Q9: Workers' productivity depends on technological knowledge and
Q9: Compounding refers to:
A) the adjustment made to
Q10: According to the rule of 70, if
Q11: Consumer spending encourages firms to produce more,
Q13: In some East Asian countries, such as
Q15: Using the rule of 70, calculate how
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents