Which of the following would represent the fastest annual growth?
a) An increase in real GDP per capita of 3%.
b) An increase in real GDP of 6% and population growth of 4%.
c) An increase in real GDP of 2% and population decline of 1%.
d) An increase in real GDP of 5% and population growth of 1%.
Ans: d) An increase in real GDP of 5% and population growth of 1%.
Economics
You might also like to view...
In the medium run of a few months or a few years, exchange rate markets are influenced by ________________ rates.
a. labor b. production c. growth d. inflation
Economics
If Fredonia has a closed economy, it ________ with other countries.
A. does not negotiate B. does not trade C. trades D. prevents its citizens from traveling to other countries but trades
Economics