The population in the current year is 31.5 million and the real GDP is $814 million.The previous year's statistics were a population of 31 million and a real GDP of $800 million.The change in the standard of living,measured by growth in real GDP per person,is
A) 1.6 percent.
B) 7.75 percent.
C) 0.13 percent.
D) 6 percent.
E) 0 percent.
Correct Answer:
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Q130: Growth in the standard of living is
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