Real GDP Was $9,950 Billion in Year 1 and $10,270

question 8

Multiple Choice

Real GDP was $9,950 billion in Year 1 and $10,270 billion in Year 2.The population rose from 270 million in Year 1 to 275 million in Year 2.What was the approximate increase in real GDP per capita rate from Year 1 to Year 2?

• A)1.3 percent
• B)2.1 percent
• C)3.3 percent
• D)4.2 percent