Suppose that the real Gross Domestic Product (GDP) growth rate for a country was 5 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 is calculated by subtracting the population growth rate from the real GDP growth rate. In this case, the per capita real GDP growth rate would be 5 percent - 3 percent = 2 percent.

Suppose That the Real Gross Domestic Product (GDP) Growth Rate