Country D and Country E both recorded an increase in real GDP of 4 percent per year from 1997 to 2007. During this time, the population for Country D grew at 3 percent per year and the population for Country E grew at 2 percent. Which of the following is true during this period?
A. Per capita GDP decreased for both Country D and Country E.
B. Per capita GDP increased for both Country D and Country E.
C. Per capita GDP increased for Country D only.
D. Per capita GDP decreased for Country E only.
Ans: B. Per capita GDP increased for both Country D and Country E.
Economics
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