Author Question: In 2011, Armenia had a real GDP of approximately 4.21 billion and a population of 2.98 million. In ... (Read 17 times)

gonzo233 · **on:** Jun 29, 2018

In 2011, Armenia had a real GDP of approximately 4.21 billion and a population of 2.98 million. In 2012, real GDP was 4.59 billion and population was 2.97 million. Armenia's real GDP per person in 2012 was

A) 1,545.
B) 380.
C) 1,413.
D) 132.

Question 2

Suppose the population of Tiny Town is 100 people and the working age population is 70. If 10 of these people are unemployed, the unemployment rate in Tiny Town is

A) 10 percent.
B) 10/70 100.
C) 10/80 100.
D) There is not enough information provided to calculate the unemployment rate.