What Is the Annual Rate of Growth of Per Capita

question 171

Multiple Choice

What is the annual rate of growth of per capita real GDP if real GDP grows at a constant rate of 4 percent per year and the annual rate of population growth is 3 percent?

• A)1 percent
• B)3 percent
• C)4 percent
• D)87 percent

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Definitions:

Operating Characteristics

Specifications or parameters describing the performance of a system or process.

Action Decisions

Decisions that lead to specific actions or interventions aimed at achieving defined goals or solving problems.

Mathematical Simulation

The use of mathematical models to reproduce and study the behavior of complex systems in a virtual environment.

Random Numbers

Numbers generated in a sequence where each number has an equal probability of occurring, widely used in simulations, statistical sampling, and cryptography.