Multiple Choice
In 2007 Freedonia had a population of 2700 and real GDP of about $1 080 000. In 2006 it had a population of 2500 and real GDP of about $1 000 000. What was the approximate growth rate of real GDP per person in Freedonia between 2006 and 2007?
A) 0 percent
B) 2.5 percent
C) 5 percent
D) 7.5 percent
Correct Answer:
Verified
Correct Answer:
Verified
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