Suppose a nation's real Gross Domestic Product (GDP) grows at a rate of 2 percent per year while its population grows 2 percent annually. Given this information, this nation's annual rate of per capita real GDP growth is equal to
A) 1 percent. B) -1 percent. C) 0 percent. D) 4 percent.
Question 2
Suppose that the real Gross Domestic Product (GDP) growth rate for a country was 7 percent and the population growth rate was 3 percent. What would the per capital real Gross Domestic Product (GDP) growth rate be for this country?
A) 4 percent B) -4 percent C) -3 percent D) 3 percent
Question 3
Which of the following is the rate of unemployment that occurs after all adjustments in the labor market have occurred?
A) the structural rate of unemployment B) the cyclical rate of unemployment
C) the natural rate of unemployment D) the frictional rate of unemployment
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