Last Year,real GDP in Oceania Was $620 Billion and the Population

question 139

Multiple Choice

Last year,real GDP in Oceania was $620 billion and the population was 2.3 million.The year before,real GDP was $502 billion and the population was 2.0 million.What was the approximate growth rate of real GDP per person?

• A)16 percent
• B)13 percent
• C)10 percent
• D)7 percent

---

Definitions:

National Health Insurance

A system wherein the government provides health insurance to its citizens, often funded through taxation.

Copayments

A fixed amount paid by a patient for receiving a particular service or medication, with the remaining balance covered by the health insurance.

Deductibles

The amount that an insured individual must pay out of pocket before an insurance provider will pay any expenses.