If Real GDP Is $6 Billion and the Population Is

question 71

Multiple Choice

If Real GDP is $6 billion and the population is 300,000,per-capita Real GDP is

• A) $30,000.
• B) $20,000.
• C) $33,333.
• D) $39,434.

---

Definitions:

Face Value

The nominal or dollar value printed on a financial instrument like a bond or stock certificate, representing the amount to be repaid at maturity.

Principal Amount

The original sum of money borrowed in a loan, or invested, upon which interest is calculated.

Loan Term

The length of time over which a loan agreement is scheduled to be repaid.

Callable Bonds

Bonds that can be redeemed by the issuer before their maturity date at a predetermined call price.