menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 5
  4. Exam
    Exam 14: International Trade
  5. Question
    If Real GDP Per Person Was $2,000 in 1900 and Grew
Solved

If Real GDP Per Person Was $2,000 in 1900 and Grew

Question 28

Question 28

Multiple Choice

If real GDP per person was $2,000 in 1900 and grew at a 1% annual rate,what would real GDP per person equal 100 years later?


A) $2,020.
B) $2,200.
C) $5,410.
D) $22,000.
E) $13,780,612.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: Developing new products and services,as well as

Q24: In order to promote growth through increased

Q25: The average annual growth rate of labour

Q26: The discovery and utilization of vast,previously unknown

Q27: Diminishing returns to capital are a consequence

Q29: For a given number of workers,as the

Q30: The measure of economic growth that is

Q31: Bank C promises to pay a compound

Q32: Business managers are people who<br>A) engage exclusively

Q33: Mike and Tom debone chicken breasts for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines