Question

In the republic of yemen, per capita real gross domestic product (gdp) in 2004 was $2,109. 27. By 2005, it had increased to $2,203. At what rate did yemen’s economy grow in that time?

Answer 1

The rate at which Yemen's GDP and economy grew at that was at the rate of $94 per year.

Rate of growth is considered a measure of how a magnitude increases in a determined time. Thus, if the magnitude changes from x1 to x2 in a time t, then the rate of growth is:

r = x2 - x1 / t

Thus, the GDP of Yemen in 2004 went from $2,109 to $2,203 in the year 2005. So,

r = 2,203 - 2,109 / 1

r = $94 per year

GDP counts all of the output generated within the borders of a country. It also measures the monetary value of final goods and services which are bought by the final user and produced in a country in a given period of time.

Hence, the Yemen's economy grew at the rate of $94 per year.

To learn more about GDP here:

brainly.com/question/15682765

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