Suppose a country's population grows by 2 percent a year and, at the same time, its real GDP grows by 5 percent a year. Real GDP per person is increasing by a year. Select one: O A. 10 percent O B. 2 percent C. O D. O E. 16 percent 3 percent 5 percent

Suppose a country's population grows by 2 percent a year and, at the same time, its real GDP grows by 5 percent a year. Real GDP per person is increasing by a year. Select one: O A. 10 percent O B. 2 percent C. O D. O E. 16 percent 3 percent 5 percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose a country's population grows by 2 percent a year and, at the same time, its real GDP grows by 5 percent a year. Real GDP per person is
increasing by
a year.
Select one:
O A. 10 percent
O B. 2 percent
OC. 3 percent
O D. 5 percent
O E. 16 percent

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