In 2004 Real GDP in Latania Was 750 Billion and the Population

question 203

Multiple Choice

In 2004 real GDP in Latania was 750 billion and the population was 3 million.In 2005 real GDP was 907.5 billion and the population was 3.3 million.What was the approximate growth rate of real GDP per person?

• A)10 percent
• B)14 percent
• C)17 percent
• D)21 percent

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Definitions:

Business Proposition

An offer or proposal outlining the benefits and logistics of a business deal or partnership.

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A structured dialogue or demonstration given by a salesperson to inform a potential buyer about a product or service.

Reseller

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