Last year the imaginary nation of freedonia had a population of 2,800 and real gdp of 16,800,000. this year it had a population of 2,700 and real gdp of 15,390,000. about what was the growth rate of real gdp per person between last year and this year?
a) 4.4 percent
b) -0.7 percent
c) -2.4 percent
d) 5.2 percent
Answers: 3
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True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.
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Last year the imaginary nation of freedonia had a population of 2,800 and real gdp of 16,800,000. th...
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