If Real GDP Per Capita in Canada Is $8,000 in 2018

question 117

Multiple Choice

If real GDP per capita in Canada is $8,000 in 2018, and if real GDP per capita is $12,000 in 2028, what is the total percent change in the growth rate of GDP per capita between 2018 and 2028?

• A)3.33%
• B)5%
• C)15%
• D)33%
• E)50%

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Definitions:

Drunk Driver

An individual who operates a vehicle under the influence of alcohol, posing significant risks to safety and public health.

Economic Efficiency

A situation where resources are allocated in the most effective way from the standpoint of societal welfare.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing one option over another.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to consume without diminishing their availability to others, such as public parks and national defense.