Suppose that in 2015 a country has a population of 1 million and ...

[mpobi80]

Suppose that in 2015 a country has a population of 1 million and real GDP of 1 billion. In 2016, the population is 1.1 million and the real GDP is 1.1 billion. The real GDP per person growth rate is
 
  A) 1000.
  B) positive.
  C) negative.
  D) zero.

Question 2

Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________.
 
  A) 9 percent; 10 percent
  B) 10 percent; 9 percent
  C) 10 percent; 11 percent
  D) 11 percent; 10 percent

[ankilker]

Answer to Question 1

D

Answer to Question 2

C

[mpobi80]

Thanks for the timely response, appreciate it

[vickyvicksss]

Excellent