In a Given Year the Nominal Growth Rate Is 5

question 113

Multiple Choice

In a given year the nominal growth rate is 5% with inflation and population growth rates of 1.2% and 3.8% respectively, then real growth rate of GDP per capita is:

• A) 3.8%.
• B) 5.0 %.
• C) 1.2%.
• D) 0.0 %.

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Interacts

Interacts refers to the actions or engagements between individuals or entities often leading to an exchange of ideas or cooperation.

Inclusion

The practice of ensuring that all individuals, regardless of their differences, are valued, respected, and have equal access to opportunities and resources.

Focus

The concentration of attention or energy on a particular objective or activity.

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Represents the range of differences among individuals and groups, including ethnicity, gender, age, sexual orientation, and cultural backgrounds.