Last year real GDP per person in the imaginary nation of Olympus was $4,260. The year before it was $4,100. By about what percentage did real GDP per person grow during the period? O a.1 percent O b. 0.04 percent c. 16 percent O d. 4 percent

Last year real GDP per person in the imaginary nation of Olympus was $4,260. The year before it was $4,100. By about what percentage did real GDP per person grow during the period? O a.1 percent O b. 0.04 percent c. 16 percent O d. 4 percent

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 12E

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Question

Last year real GDP per person in the imaginary nation of Olympus was $4,260. The year before it was $4,100. By about what percentage did real GDP per person grow during
the period?
a. 1 percent
b. 0.04 percent
c. 16 percent
d. 4 percent

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