In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:
A) 3.8%.
B) 5.0 %.
C) 5.8%.
D) 7.0 %.
Correct Answer:
Verified
Q3: According to the rule of 70, if
Q8: Rapid economic growth:
A) is a modern phenomenon,
Q9: Real per capital GDP in the United
Q10: Over the last 100 years or so,
Q11: We can estimate that if a country
Q12: Historically, real income per person:
A) barely changed
Q14: Total changes in GDP over time are:
A)
Q15: In a given year the nominal growth
Q16: The fact that the United States has
Q18: Economic growth means:
A) more production of goods
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