According to the data in the table below
Year |
Real GDP (trillions of 2009 dollars) |
Population |
2009 |
7.00 |
100.0 |
2010 |
7.50 |
105.0 |
2011 |
8.25 |
110.0 |
Question 33 options:
real GDP per person was exactly $0.07 trillion each year |
|
real GDP grew exactly 10.0% each year. |
|
the population grew exactly 5.0% each year. |
|
All the above. |
|
None of the above. |
Answer
Option 4
None of the above.
===
real GDP per person =real GDP/population
real GDP per person in 2009=7/100=0.07 trillion
real GDP per person in 2010=7.5/105=0.0714285714 trillion
the real GDP per person increases and it is not exactly same
===
real GDP growth rate =((current year real GDP-last real
GDP)/last real GDP)*100
real GDP growth rate in 2010=((7.5-7)/7)*100
=7.14285714
=7.14%
the real GDP does not grow at a rate of 10%
===
Population grwth in year 2011=((110-105)/105)*100
=4.76190476
=4.7%
it is not 5%
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