If Real GDP Increases by 6 Percent and at the Same

question 131

Multiple Choice

If real GDP increases by 6 percent and at the same time the population increases by 2 percent,then real GDP per person grows by

• A)6 percent.
• B)4 percent.
• C)2 percent.
• D)8 percent.
• E)3 percent.

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Definitions:

Concurrent Controls

Focus on what happens during the work process.

Highest Quality

Refers to products, services, or processes that meet or exceed the highest standards and expectations in terms of performance, reliability, and satisfaction.

Internal Control

Occurs through self‐discipline and self‐control.

Formal Administrative Systems

are structured and officially sanctioned processes, procedures, and rules designed to coordinate and control an organization's activities efficiently.