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If Real GDP Grew by 6 Percent and Population Grew

question 56

Multiple Choice

If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.


Definitions:

Filing Cabinet

A piece of office furniture used for storing documents, files, and other materials in an organized manner.

Long-term Memory

A type of storage in the brain capable of holding information for an extended period of time, from hours to a lifetime.

Revolving Door

A metaphor often used to describe a situation where individuals move back and forth between roles as industry professionals and regulators, leading to potential conflicts of interest.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to an inability to recall recent experiences.

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