If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.
A) 2
B) 3
C) 4
D) 8

Name: If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent. A) 2 B) 3 C) 4 D) 8
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Quizplus · Accepted Answer

Real GDP per person grew by approximately 4 percent. This is calculated using the formula for percentage change in per capita GDP: (GDP growth rate - Population growth rate). So, (6% - 2%) = 4%.

If Real GDP Grew by 6 Percent and Population Grew