year, real GDP in Ghana was $50 billion and the population was 38 million. The year before, real GDP was $45 billion and the population was 35 million. What was the approximate growth rate of real GDP per person? O a. 8.6 percent Ob. 11.1 percent OC 2.3 percent Od. 19.7 percent

year, real GDP in Ghana was $50 billion and the population was 38 million. The year before, real GDP was $45 billion and the population was 35 million. What was the approximate growth rate of real GDP per person? O a. 8.6 percent Ob. 11.1 percent OC 2.3 percent Od. 19.7 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

Last year, real GDP in Ghana was $50 billion and the population was 38 million. The year
before, real GDP was $45 billion and the population was 35 million. What was the
approximate growth rate of real GDP per person?
O a. 8.6 percent
O b. 11.1 percent
Ос 2.3 регсent
Od. 19.7 percent

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