Answered: How does the rate of population growth…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section: Chapter Questions

Problem 6QP

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Question

How does the rate of population growth influence
the level of GDP per person?

Expert Solution

Step 1

$G D P P e r C a p i t a = \frac{N a t i o n a l I n c o m e}{T o t a l P o p u l a t i o n}$

GDP per person or GDP per capita is used to measure the growth of economy when both the national income (NY) and population growth is taking place at a particular rate.

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