If a Nation's Real GDP Grows at Approximately 3

question 48

Multiple Choice

If a nation's real GDP grows at approximately 3.4% per year and its population doubles in 120 years, calculate the approximate rate of change in per capita real GDP.

• A) 0.6% per year.
• B) 2.8% per year.
• C) 3.4% per year.
• D) 4% per year.

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