Answer these questions about GDP: a. How could real GDP grow, while, over the same period, real

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Answer these questions about GDP:
a. How could real GDP grow, while, over the same period, real GDP per capita falls?
b. If Country A has a 4 percent annual growth rate of real GDP and a 2 percent annual rate of population growth, while Country B has a 6 percent annual growth rate of real GDP and a 5 percent annual rate of population growth, which country will have a higher growth rate of real GDP per capita?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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