If Real GDP Per Capita in a Country Was $14,000

question 90

Multiple Choice

If real GDP per capita in a country was $14,000 in year 1 and $14,560 in year 2,then the economic growth rate for this country from year 1 to year 2 was:

• A) 1%.
• B) 2%.
• C) 3%.
• D) 4%.

---

Definitions:

Cooperation And Trust

The collaboration and reliability between individuals or organizations, fundamental for effective partnerships and teamwork.

Bullwhip Effect

The phenomenon in supply chains where orders exhibit greater variance as one moves upstream in the chain, leading to inefficiency and excess inventory.

Supply Chain

A network of organizations, people, activities, information, and resources involved in moving a product or service from supplier to consumer.

Lack Of Coordination

The absence of harmonious operation or collaboration between groups or systems, often leading to inefficiency or disorder.