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

question 167

Multiple Choice

If real GDP per capita in a country was $14,000 in year 1 and $14,420 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%.

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Definitions:

Highly Interdependent

A condition or situation where individuals or groups are mutually reliant on each other to achieve goals or outcomes.

Organizational Environment

The combination of external and internal factors that influence an organization's operating situation, including regulations, competitors, economic conditions, and technological advancements.

Foreign Employees

Workers who are employed in a country where they are not citizens.

NGOs

Non-Governmental Organizations, which are nonprofit entities operating independently of any government, typically focused on addressing social, environmental, or political issues.