If the average annual growth rate in real GDP for a nation during ...

[CORALGRILL2014]

If the average annual growth rate in real GDP for a nation during the last decade was 4 percent per year and the average annual population growth rate was 3 percent per year during the same period,
 
  then the average annual growth rate of per capita GDP was
  A) 1.00 percent.
  B) -1.00 percent.
  C) 0.75 percent.
  D) 1.33 percent.

Question 2

Refer to the above figures. A unit tax of 2 has been levied on a good. Which of the panels depict the effect of the taxes?
 
  A) Panel 1
  B) Panel 2
  C) Panel 3
  D) None of the diagrams reflect the effect of the tax.

[tuwy]

Answer to Question 1

A

Answer to Question 2

A