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A nation's real GDP was $300 billion in Year 1 and $309 billion in Year 2. Its population was 120 million in Year 1 and
A nation's real GDP was $300 billion in Year 1 and $309 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?
- 3 percent
- 9 percent
- 2.1 percent
- 7 percent
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
