A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 122 million in 2013 and 125 million in 2014. What is the growth rate of real GDP per capita in 2014?
A. 1.1%
B. 2.5%
C. 5.0%
D. 3.4%
D. 3.4%
Economics
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Rachel, a large pineapple producer in Hawaii, lobbies Congress to limit imports of pineapples in order to be able to sell her pineapples at a higher price and greatly increase her income. This possible source of income inequality is due to
A) globalization. B) technology changes. C) productivity differences. D) rent seeking.
Economics
The above figure shows a perfectly competitive firm. If the market price is $10, the firm
A) is incurring an economic loss. B) is making an economic profit. C) is making zero economic profit. D) will immediately shut down. E) might shut down but more information is needed about the AVC.
Economics