Solved

What Is the Annual Rate of Growth of Per Capita

Question 87

Multiple Choice

What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 3 percent per year and the annual rate of population growth is 3 percent?


A) 0 percent
B) 3 percent
C) -6 percent
D) 6 percent

Correct Answer:

verifed

Verified

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

Related Questions