If Real GDP Grows at 3% and Population Grows at 1.2

question 125

True/False

If real GDP grows at 3% and population grows at 1.2%, then real GDP per capita grows by 4.2%.

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An advantage or gain received from a product or service.

Nonrival-in-consumption

Nonrival-in-consumption describes a good or service that can be consumed by multiple people simultaneously without reducing its availability to others.

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The transmission of audio content through radio waves to reach a wide audience, commonly used for music, news, and entertainment programming.

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Individuals or organizations that purchase goods or services for personal use or consumption.