ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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12) If the average annual growth rate in real Gross Domestic Product (GDP) for a nation during the last decade was 4
percent per year and the average annual population growth rate was 3 percent per year during the same period, then the
average annual growth rate of per capita GDP was 12)
A) 1 percent.
B) 7 percent. C) 0 percent. D) -1 percent.
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Transcribed Image Text:12) If the average annual growth rate in real Gross Domestic Product (GDP) for a nation during the last decade was 4 percent per year and the average annual population growth rate was 3 percent per year during the same period, then the average annual growth rate of per capita GDP was 12) A) 1 percent. B) 7 percent. C) 0 percent. D) -1 percent.
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