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Last Year the Imaginary Nation of Freedonia Had a Population

Question 8

Multiple Choice

Last year the imaginary nation of Freedonia had a population of 2,800 and real GDP of 16,800,000.This year it had a population of 2,700 and real GDP of 15,390,000.About what was the growth rate of real GDP per person between last year and this year?


A) -5.3 percent
B) -5 percent
C) 5 percent
D) 5.3 percent

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