A Nation's Real Per Capita GDP Is $7,788 in 2004

question 99

Multiple Choice

A nation's real per capita GDP is $7,788 in 2004 and $8,080 in 2005. What is the growth rate of real GDP per capita?

• A) 2.75 percent
• B) 3.5 percent
• C) 3.61 percent
• D) 3.75 percent

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Definitions:

Front Axle

The foremost axle in a vehicle, which is typically responsible for steering.

Planetary Gearsets

A gear system consisting of one or more outer gears (planet gears) revolving around a central (sun) gear, used in transmissions to offer multiple gear ratios.

Caterpillar CX

A model or series of transmissions or engines produced by Caterpillar, designed for use in commercial vehicles and equipment.

Minimum Number

The least or smallest count or quantity achievable or required under specific conditions.