What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 3 percent per year and the annual rate of population growth is 3 percent?

Question

Quizplus · Accepted Answer

The annual rate of growth of per capita real GDP is calculated by subtracting the population growth rate from the real GDP growth rate. If both are 3 percent, the growth rate of per capita real GDP is 0 percent (3% - 3% = 0%).

What Is the Annual Rate of Growth of Per Capita