Last Year Panglossia Had Real GDP of 27

question 46

Multiple Choice

Last year Panglossia had real GDP of 27.0 billion. This year it had real GDP of 31.5 billion. Which of the following changes in population is consistent with a 5 percent growth rate of real GDP per person over the last year?

• A)The population decreased from 88 million to 84 million.
• B)The population decreased from 75 million to 73 million.
• C)The population increased from 45 million to 50 million.
• D)The population increased from 60 million to 62 million.

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Definitions:

Customer Service

The support and assistance provided by a company to those who buy or use its products or services.

Core Competency

Fundamental strengths or unique advantages that an organization possesses, distinguishing it from competitors and driving sustainable competitive advantage.

Insourcing

The practice of assigning tasks or projects to personnel within the organization instead of outsourcing to external entities.

Offshoring

The practice of relocating business processes or production to a foreign country to reduce costs.