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Last Year, Real GDP in Oceania Was $620 Billion and the Population

Question 134

Multiple Choice

Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before, real GDP was $502 billion and the population was 2.0 million. What was the approximate growth rate of real GDP per person?


A) 3 percent
B) 7 percent
C) 10 percent
D) 17 percent

Correct Answer:

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