MadLib5953 MadLib5953

01-03-2024
Business

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In 2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During the year its real GDP per capita grew by 3%. Which of the following sets of growth rates is consistent with this growth in real GDP per capita?
I. 2% population growth and 6% real GDP growth
II. 6% population growth and 2% real GDP growth
III. 4% population growth and 7% real GDP growth
IV. 7% population growth and 4% real GDP growth

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