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In 2007, the imaginary nation of Freedonia had a population of 2,700 and real GDP of 16,200,000. In 2008 it had a population of 2,500 and real GDP of 14,640,000. What was the growth rate of real GDP per person in Freedonia between 2007 and 2008?

Select one or more:

5.2 percent
-0.7 percent
-2.4 percent
4.4 percent

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945057

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