Consider the following data for a hypothetical economy:   Year Real GDP Population 1 $5000 billion 200 million 2 $6000 billion 250 million   What is the economic growth rate for GDP per capita for this economy for year 2?     A. -20%   B. 20%   C. 4%   D. -4%

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Consider the following data for a hypothetical economy:

 

Year

Real GDP

Population

1

$5000 billion

200 million

2

$6000 billion

250 million

 

What is the economic growth rate for GDP per capita for this economy for year 2?

 

  A.

-20%

  B.

20%

  C.

4%

  D.

-4%

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