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Suppose the real GDP of country X was $800 billion in 2020 whereas its population in the same year was 0.5 billion. In 2021, the
Suppose the real GDP of country X was $800 billion in 2020 whereas its population in the same year was 0.5 billion. In 2021, the real GDP of this country increased to $900 billion whereas its population increased to 0.6 billion. What is the economic growth rate of real GDP per person in country X?
Select one:
A.-6.25%
B.1.2%
C.12.5%
D.6.25%
E.-12.5%
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