Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

In an economy both real GDP and population rise by five percent. What is the approximate effect on real GDP per capita?

Answer and explanation

Correct answer: It will remain approximately unchanged

Real GDP per capita equals real GDP divided by population. If initial output is Y and population is N, the new ratio is 1.05Y divided by 1.05N, which equals Y/N. Therefore per-capita real GDP is approximately unchanged, so option A is correct. It does not rise by five or ten percent because the numerator and denominator grow at the same rate.

Related tags

Real-Gdp-Per-CapitaEqual-GrowthPopulationRatio-CalculationGdp And WelfareNational Income And Related AggregatesEconomicsClass 11 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.