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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?

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Definitions:

Resources

The inputs, or factors of production, used to produce the goods and services that people want; resources consist of labor, capital, natural resources, and entrepreneurial ability.

Goods

Physical items that are produced and can be bought, sold, or traded, fulfilling consumer needs or desires.

Services

Economic activities that provides intangible products, such as healthcare, education, and entertainment, rather than physical goods.

Population Growth

The increase in the number of individuals in a population, often expressed as a percentage of the total population.

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