In a Given Year the Nominal Growth Rate Is 7

question 43

Multiple Choice

In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:

• A) 3.8%.
• B) 5.0 %.
• C) 5.8%.
• D) 7.0 %.

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