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.
Correct Answer:
Verified
Q36: Which country has had a higher growth
Q37: Over the period 1900-2014,which of the following
Q38: One can argue that the average American
Q40: Which of the following nations experienced average
Q42: Last year the imaginary nation of Freedonia
Q43: The rate of real economic growth
A)is underestimated
Q44: Which of the following is higher in
Q45: In 2010,the imaginary nation of Bovina had
Q46: In 2010,the imaginary nation of Bovina had
Q140: Japan is
A)an advanced economy, and over the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents