Question

2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During year its real GDP grew by with this growth in real GDP?

a. 2% population growth and 6% real GDP growth
b, 690 population growth and 2% real GDP growth
C. 4% population growth and 7% real GDP growth
d, 7% population growth and 4% real GDP growth about 2.9%.

Answer 1

The correct option is:

C. 4% population growth and 7% real GDP growth

Step-by-step explanation:

Gross Domestic Product (GDP) is the measure of goods and services produced in the country. The monetary growth of the country is estimated by observing the GDP. GDP can be increased by increasing the literacy rate of the country.

Population growth represents increase in the number of individuals in a population. Dorados had a population of 8,000 and real GDP of 3,000,000 in the year 2012. There was 4% population growth and 7% real GDP growth in the year 2012.