Suppose a Nationʹs Population Grows by 2 Percent And, at the Same

question 319

Multiple Choice

Suppose a nationʹs population grows by 2 percent and, at the same time, its GDP grows by 5 percent. Approximately how fast will real GDP per person increase?

• A) 10 percent per year
• B) 2 percent per year
• C) 5
• D) 3 percent per year

---

Definitions:

Risky Stocks

Shares in companies with high volatility and potential for substantial gains or losses.

Scatter Plot

A graphical representation of the relationship between two variables using dots to represent the value of each.

Correlation Coefficient

A mathematical metric that evaluates the intensity of the correlation between the movements of two related variables.

Line of Best Fit

A straight line drawn through the center of a group of data points on a scatter plot, showing the direction of a relationship.