Country X has experienced GDP growth of 4 percent and a population growth of 5 percent. What is this country's growth of per capita real GDP?
A) -1 percent
B) 1 percent
C) 9 percent
D) -9 percent
A
You might also like to view...
According to the method of growth accounting, which of the following contribute to economic growth?
A) technological progress B) capital growth C) labor growth D) all of the above
National income can be calculated by subtracting
a. depreciation from GDP. b. indirect business taxes from GDP. c. depreciation and indirect business taxes from GDP. d. transfer payments and taxes from GDP.
Other things the same, when the price level rises more than expected, some firms will have
a. higher than desired prices, which increases their sales. b. higher than desired prices, which depresses their sales. c. lower than desired prices, which increases their sales. d. lower than desired prices, which depresses their sales.
About what percent of the world's poorest people are female?
a. 30 b. 50 c. 70 d. 90