Question
A nation's real GDP was $200 billion in Year 1 and $220 billion in Year 2. Its population was 120 million in Year 1 and
A nation's real GDP was $200 billion in Year 1 and $220 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2?
Multiple Choice
- 10 percent
- 20 percent
- 8.9 percent
- 6 percent
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
