1 Point Question 28 of 36 Last year real GDP in Fresonia was 980 billion and the population was 4 million. The year before real GDP was 750 billion and the population was 3.5 million. What was the growth rate of real GDP per person during the year? Select the correct response: 12 percent O 9 percent 17 percent 8 percentQuestion 32 of 36 Figure: The Market for Butter Price of butter (per pound) $1.50 1.40 1.30 1.20 1.10 1.00 0.90 0.80 0.70 0.60 X 0.50 5 6 7 8 9 10 11 12 13 14 15 Quantity (millions of pounds of butter) Look at the figure. If a government price floor at 1.10 is imposed on this market, an inefficiency will result in the form of a _ _ of _ _ million pounds. Select the correct response: O shortage; 4.5 surplus; 4.5 O shortage; 1.5 surplus; 3Question 34 of 36 Figure: The Shrimp Market Price of shrimp (per pound) $22.50 20.00 S 17.50 15.00 12.50 10.00 7.50 5.00 D 2.50 0 250 500 750 1,000 1,250 1,500 1,750 Quantity of shrimp (in pounds) Look at the figure the government plans to cap sales to 500 pounds, it can set a price of Select the correct response: O ceiling of $10. O floor of 15 or ceiling of 10. O floor of $10. O floor of $15