If Real GDP Per Capita in a Country Was $14,000

question 167

Multiple Choice

If real GDP per capita in a country was $14,000 in year 1 and $14,420 in year 2,then the economic growth rate for this country from year 1 to year 2 was:

• A) 1%.
• B) 2%.
• C) 3%.
• D) 4%.

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Definitions:

Innovation

The process of creating, introducing, and applying new ideas, devices, or methods.

Novel Ideas

are original, unique, and innovative concepts or thoughts that have not been previously conceived or explored.

Gatekeepers

Individuals or groups that control access to something, such as information, resources, or decision-makers within an organization.

Creative Deviance

The act of producing novel and useful ideas or solutions that deviate from the norms or expectations of the organization.