If Real GDP Grows at a Rate of 6 Per

question 92

Multiple Choice

If real GDP grows at a rate of 6 per cent and population grows at a rate of 2 per cent,then real GDP per person grows at a rate of

• A)8 per cent.
• B)0.5 per cent.
• C)4 per cent.
• D)2 per cent.
• E)-3 per cent.

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Definitions:

Simple Events

Events that cannot be broken down into smaller parts and have a single outcome.

Simple Events

Events that cannot be broken down into simpler components within the context of probability.

Events

An occurrence or happening, especially one significant in terms of a statistical analysis or probability calculation.

Event

An occurrence or outcome that is of interest in probability and statistics, which can be quantified and analyzed.