The GDP of a certain country is $617 billion and is increasing by $22 thousand per person. The population of that country is 76 million and is increasing by 0.9 million people per year. How quickly is the GDP increasing?
A) 19.8 billion per year
B) 25.2 billion per year
C) 68.4 billion per year
D) 138.8 billion per year
E) 555.3 billion per year

Question

Quizplus · Accepted Answer

The GDP is increasing by $22 thousand per person. With the population increasing by 0.9 million people per year, the increase in GDP from population growth is $22,000 * 900,000 = $19.8 billion per year.

The GDP of a Certain Country Is $617 Billion and Is