What will happen to the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 4 percent and the annual rate of population growth goes from 3 percent to 3.5 percent?
A) The annual rate of growth of per capita real GDP will increase from 7 percent to 7.5 percent.
B) The annual rate of growth of per capita real GDP will increase from -1 percent to -0.5 percent.
C) The annual rate of growth of per capita real GDP will remain unchanged.
D) The annual rate of growth of per capita real GDP will decrease from 1 percent to 0.5 percent.
Correct Answer:
Verified
Q27: Economic freedom by its nature suggests
A) minimal
Q28: Which statement is TRUE about a comparison
Q29: The rights to own private property and
Q30: Assume that in the economy real GDP
Q31: The percentage change in per capita real
Q33: A major contributor to a country's real
Q34: Political freedom seems to be _ important
Q35: Which of the following statements is TRUE
Q36: Which of the following best represents economic
Q37: What will happen to the annual rate
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