$$\begin{array} { | c | c | c | c | c | }
\hline \text { Year } & \text { Alta (Real GDP) } & \text { Zorn (Real GDP) } & \text { Alta (Population) } & \text { Zorn (Population) } \
\hline 1 & \$ 2,000 & \$ 150,000 & 200 & 500 \
\hline 2 & 2,100 & 152,000 & 202 & 505 \
\hline 3 & 2,200 & 154,000 & 210 & 508 \
\hline
\end{array}$$ Refer to the table. Between years 1 and 2, real GDP per capita grew by approximately __________ percent in Alta.
A) 3
B) 4
C) 5
D) 10

Question

$$\begin{array} { | c | c | c | c | c | } 
\hline \text { Year } & \text { Alta (Real GDP) } & \text { Zorn (Real GDP) } & \text { Alta (Population) } & \text { Zorn (Population) } \
\hline 1 & \$ 2,000 & \$ 150,000 & 200 & 500 \
\hline 2 & 2,100 & 152,000 & 202 & 505 \
\hline 3 & 2,200 & 154,000 & 210 & 508 \
\hline
\end{array}$$ Refer to the table. Between years 1 and 2, real GDP per capita grew by approximately __________ percent in Alta.
A) 3
B) 4
C) 5
D) 10

Quizplus · Accepted Answer

Real GDP per capita is calculated by dividing the real GDP by the population.

In year 1, real GDP per capita in Alta was:

$2,000 / 200 = $10

In year 2, real GDP per capita in Alta was:

$2,100 / 202 ≈ $10.4

The percent growth is:

($10.4 - $10) / $10 × 100% ≈ 4%

Therefore, the answer is B) 4.

Refer to the Table