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2.1 The measurement of macroeconomic performance

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Question 40

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%

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance