In 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000. In 2010 it had a population of 5,100 and real GDP of 520,200. During 2009 real GDP in Viloxia grew by
A) 2 percent, which is high compared to average U.S. growth over the last one-hundred years.
B) 2 percent, which is about the same as average U.S. growth over the last one-hundred years.
C) 4 percent, which is high compared to average U.S. growth over the last one-hundred years.
D) 4 percent, which is about the same as average U.S. growth over the last one-hundred years.
Correct Answer:
Verified
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