Over a one-year period, a country's nominal GDP increases by 10%, while its GDP deflator rises from 150 to 156. During the same period, the country's population grows by 2%.
Which of the following is the exact percentage change (to two decimal places) in the country's real GDP per capita over this period?
+1.74%+1.74\%+1.74%
+3.70%+3.70\%+3.70%
+5.77%+5.77\%+5.77%
+12.16%+12.16\%+12.16%
187 exam-style questions on AQA A Level Economics 2.1 The measurement of macroeconomic performance, covering 2.1.1 The objectives of government economic policy, 2.1.2 Macroeconomic indicators, 2.1.3 Uses of index numbers, and 2.1.4 Uses of national income data (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.