3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%. What was the growth rate in real GDP per capita? A. 10% B. 20% C. 25% D. 50% E. 75%
3. From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%. What was the growth rate in real GDP per capita? A. 10% B. 20% C. 25% D. 50% E. 75%
Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: Production And Growth
Section: Chapter Questions
Problem 7QR
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