Year Alta (Real GDP) Zorn (Real GDP) Alta (Population) Zorn (Population) 1 $2,000 $150,000 200 500
2 2100 $152,000 202 505
3 2200 $154,000 210 508

Between years 2 and 3 :

a. population fell in Alta.
b. Alta's real GDP grew more rapidly than Zorn's real GDP.
c. real GDP fell in Zorn.
d. population growth reduced Alta's real GDP growth to zero.

b. Alta's real GDP grew more rapidly than Zorn's real GDP.

Explanation:

Rte of growth for Alta's real GDP;

= (Year 3 GDP - Year 2 GDP) / Year 2 GDP

= (2,200 - 2,100) / 2,200

= 0.045

= 4.5%

Rate of growth for Zorn's real HDP;

= (154,000 - 152,000) / 152,000

= 0.013

= 1.3%

Zorn's real GDP grew slower than Alta's GDP

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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