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3 years ago

If real GDP grew by 6 percent and population grew by 2 percent, then real GDP per person grew by approximately ______ percent.

Business

1 answer:

Novay_Z [31]3 years ago

3 0

Answer:

Explanation:

Real GDP per person is a measure of the economic wellbeing of the populace of a country.

Real GDP per person = Real GDP / population

6% / 2% = 3%

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

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Answer:

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Therefore the option B is correct

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3 years ago

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Answer:

(1) understated

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Explanation:

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3 years ago

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Anarel [89]

Bonds will be the least risky since there is no risk involved at all. Bonds give out guaranteed payments and A rated bonds will be even more secure.

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The most risky would be speculative stocks.

The order from least risky to most risky would be:

1. A rated bonds

2. Property

3. Retirement plans

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3 years ago

The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west c

bazaltina [42]

Answer:

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Explanation:

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2 years ago

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xz_007 [3.2K]

Answer:

Option (D) is the right answer.

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Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.

Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.

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3 years ago