A country’s per-capita nominal GDP is growing at 5%, its price level is growing at 3% and its population is growing at 1

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answerhappygod
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A country’s per-capita nominal GDP is growing at 5%, its price level is growing at 3% and its population is growing at 1

Post by answerhappygod »

A country’s per-capita nominal GDP is growing at 5%, its price
level is growing
at 3% and its population is growing at 1%. How fast is its
aggregate real GDP
growing?
(a) 2%
(b) 3%
(c) 4%
(d) 5%
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