Multiple Choice
Last year real GDP in the imaginary nation of Nylon was 435.0 billion and the population was 2.6 million. The year before, real GDP was 380.0 billion and the population was 2.3 million. What was the growth rate of real GDP per person during the year?
A) 14.5 percent
B) 0.01 percent
C) 1.01 percent
D) 1.3 percent
Correct Answer:

Verified
Correct Answer:
Verified
Q45: An increase in capital increases productivity only
Q46: In what sense is it likely that
Q47: In some countries in Sub-Saharan Africa real
Q48: Two countries with the same saving rates
Q49: Last year real GDP per person in
Q51: Income rises after a charity gives poor
Q52: How does the phenomenon of diminishing returns
Q53: Why does a nation's standard of living
Q54: Economists generally believe that policies such as
Q55: The traditional view of the production process