Answered: How does the rate of population growth…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section: Chapter Questions

Problem 15AA

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Question

How does the rate of population growth influence
the level of GDP per person?

Expert Solution

Step 1

$G D P P e r C a p i t a = \frac{N a t i o n a l I n c o m e}{T o t a l P o p u l a t i o n}$

GDP per person or GDP per capita is used to measure the growth of economy when both the national income (NY) and population growth is taking place at a particular rate.

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