From 2010 to 2011, Nation A's Real GDP Increased from $100

question 86

Multiple Choice

From 2010 to 2011, nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. Its annual growth rate in real GDP per capita was approximately _____%.

• A) 1
• B) -3
• C) 4
• D) 6

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Definitions:

Ratifies

Formally confirms or approves an agreement or treaty, making it officially valid.

Bound

Obligated by law or duty to do something; being in a state of obligation.

Implied Authority

Powers not explicitly stated but inferred from a person's position or conduct, allowing them to perform tasks necessary to effectively execute their duties.

Legal Effect

The consequence(s) a law or regulation imposes on an individual's rights, duties, or privileges.