Homework Answers
Answer : 22) The answer is option A.
Per capita real GDP in 2010 = $44,000
Per capita real GDP increases by 3% or 0.03 in 2011. So,
Per capita real GDP in 2011 = 44,000 + (44,000 * 0.03) = $45,320.
Therefore, option A is correct.
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Question 3
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