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GDP per capita is a measure of prosperity because it divides the total GDP of a country by its population. Which of the below forecasts for a country would result in the largest decline in per capita GDP? An increase of 2% in GDP and a population decline of 1% An increase of 5% in GDP and a population growth of 7% An increase of 4% in GDP and a population growth of 1%

GDP per capita is a measure of prosperity because it divides the total GDP of a country by its population. Which of the below forecasts for a country would result in the largest decline in per capita GDP? An increase of 2% in GDP and a population decline of 1% An increase of 5% in GDP and a population growth of 7% An increase of 4% in GDP and a population growth of 1%

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....
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GDP per capita is a measure of prosperity because it divides the total GDP of a country by its population. Which of the below forecasts for a country would result in the largest decline in per capita GDP? An increase of 2% in GDP and a population decline of 1% An increase of 5% in GDP and a population growth of 7% An increase of 4% in GDP and a population growth of 1%
Transcribed Image Text:GDP per capita is a measure of prosperity because it divides the total GDP of a country by its population. Which of the below forecasts for a country would result in the largest decline in per capita GDP? An increase of 2% in GDP and a population decline of 1% An increase of 5% in GDP and a population growth of 7% An increase of 4% in GDP and a population growth of 1%
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