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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Definitions:

Statutory Damages

A new remedy enabling a court to award damages that it “considers just” under the circumstances, without requiring proof of damage or lost profits.

Punitive Damages

Damages in excess of the plaintiff’s actual losses, intended to punish the wrongdoer for outrageous or extreme behaviour; also known as exemplary damages.

Enhanced Injunction

A more forceful or comprehensive court order to prevent an action or to impose conditions on certain behaviors.

Damages

Monetary compensation to a victim.