3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%. What was the growth rate in real GDP per capita? A. 10% B. 20% C. 25% D. 50% E. 75%
3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%. What was the growth rate in real GDP per capita? A. 10% B. 20% C. 25% D. 50% E. 75%
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: Production And Growth
Section: Chapter Questions
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![3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while
the GDP deflator increased by 20%. What was the growth rate in real GDP per capita?
A. 10%
B. 20%
C. 25%
D. 50%
E. 75%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff7f9471c-2103-462c-85a4-384faef7b979%2F53d2ef38-2d10-4b2c-9f8f-f22329e02925%2Fulxp0j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while
the GDP deflator increased by 20%. What was the growth rate in real GDP per capita?
A. 10%
B. 20%
C. 25%
D. 50%
E. 75%
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