Answer these questions about GDP: a. How could real GDP grow, while, over the same period, real
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: