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

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 1CQQ

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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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