If real GDP grows at a rate of 6 percent and population grows at ...

[c0205847]

If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP per person grows at a rate of
 
  A) -3 percent. B) 8 percent. C) 2 percent. D) 4 percent. E) 0.5 percent.

Question 2

Assume that the dollar price of a basket of goods in the U.S. is 3 and the dollar price of a basket of goods in China is 5. On the other hand, the yuan price of the basket in the U.S. is 20 yuan.
 
  Given this information, the yuan price of the Chinese basket is:
  A) 30.50 yuan. B) 33.33 yuan C) 105.50 yuan D) 26.50 yuan.

[Liamb2179]

Answer to Question 1

D

Answer to Question 2

B

[c0205847]

Excellent

[tandmlomax84]

TYSM