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
Posted: Sun May 08, 2022 9:39 am
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%
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%