Hassan Alkhlait My Island Online Courses Moving to another question will save th

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Hassan Alkhlait My Island Online Courses Moving to another question will save this response. (Question 21 of 25) Question 21 of 25 Question 21 Last year the imaginary nation of Freedonia had a population of 2,700 and real GDP of 16,200,000. This year it had a population of 2,500 and real GDP of 14,640,000. What was the growth rate of real GDP per person between last year and this year? ( a. 4.4 percent b. 5.2 percent c.-0.7 percent d. -2.4 percent g to another qestion will save this response. « Question 21 of 25 @

Explanation / Answer

Last year real GDP per capita = 16200000/2700 = 6000

This year real GDP per capita = 14640000/2500 = 5856

Growth rate of real GDP per capita = (This year real GDP per capita-Last year real GDP per capita)/Last year real GDP per capita * 100 = (5856-6000)/6000 * 100 = -2.4%

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