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For a given country, the real GDP equals 44 billion dollars in year 1 and 45 billion dollars in year 2. If you know that
For a given country, the real GDP equals 44 billion dollars in year 1 and 45 billion dollars in year 2. If you know that the country's population declined from 44 million people in year 1 to 42 million people in year 2, then the country in year 2
has an economic growth rate of that is greater than 2% |
has an economic growth rate of that is less than 1% |
is not necessarily enjoying a positive economic growth |
None of the above is true |
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