Author Question: If real GDP grows at a rate of 6 percent and population grows at a rate of 2 percent, then real GDP ... (Read 106 times)

c0205847 · **on:** Jun 30, 2018

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.