Year 1 2 3 Alta (Real о Multiple Choice GDP) $ 2,000 2,100 2,200 Refer to the table. Between years 2 and 3, O O Zorn (Real GDP) $ 150,000 152,000 154,000 Alta (Population) 200 202 210 both country's real GDP per capita decreased. populations for both countries increased by the same amount. Zorn's real GDP grew more rapidly than Alta's real GDP. Zorn's real GDP grew by 1.3 percent. Zorn (Population) 500 505 508 $

Year 1 2 3 Alta (Real о Multiple Choice GDP) $ 2,000 2,100 2,200 Refer to the table. Between years 2 and 3, O O Zorn (Real GDP) $ 150,000 152,000 154,000 Alta (Population) 200 202 210 both country's real GDP per capita decreased. populations for both countries increased by the same amount. Zorn's real GDP grew more rapidly than Alta's real GDP. Zorn's real GDP grew by 1.3 percent. Zorn (Population) 500 505 508 $

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

Year
1
2
3
Alta (Real
Multiple Choice
O
GDP)
$ 2,000
2,100
2,200
Refer to the table. Between years 2 and 3,
O
O
Zorn (Real
GDP)
$ 150,000
152,000
154,000
Alta
(Population)
200
202
210
both country's real GDP per capita decreased.
populations for both countries increased by the same amount.
Zorn's real GDP grew more rapidly than Alta's real GDP.
Zorn's real GDP grew by 1.3 percent.
Zorn
(Population)
500
505
508
B

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