Last Year the Imaginary Nation of Panglossia Had Real GDP

question 9

Multiple Choice

Last year the imaginary nation of Panglossia had real GDP of 400 billion.This year it had real GDP of 472.5 billion.Which of the following changes in population is consistent with a 5 percent growth rate of real GDP per person over the last year?

• A)The population decreased from 75 million to 72 million.
• B)The population decreased from 60 million to 50 million.
• C)The population increased from 70 million to 80 million.
• D)The population increased from 80 million to 90 million.

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Definitions:

Symmetrical Area

An area where two sections of a distribution or figure are mirror images of each other, indicating balance around a central point.

Value

The significance or worth of something, often numerical, but can also be qualitative in context such as moral values.

Normal Random Variable

A variable that is distributed according to the normal distribution, characterized by its mean and standard deviation.

Mean

The average of a set of numbers, calculated by dividing the sum of all the numbers by the quantity of numbers.