Question: Answer these questions about GDP: a. How could real GDP grow, while, over the same period, real GDP per capita falls? b. If Country A
a. How could real GDP grow, while, over the same period, real GDP per capita falls?
b. If Country A has a 4 percent annual growth rate of real GDP and a 2 percent annual rate of population growth, while Country B has a 6 percent annual growth rate of real GDP and a 5 percent annual rate of population growth, which country will have a higher growth rate of real GDP per capita?
Step by Step Solution
3.31 Rating (160 Votes )
There are 3 Steps involved in it
a Real GDP will grow while real GDP per capita falls whenever the pop... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
230-B-E-M-E (1489).docx
120 KBs Word File
