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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
Suppose that real GDP grows at 3 percent per year. What is the growth rate of real GDP per person if the population grows at:
a.   2 percent? What happens to the standard of living?
b.   3 percent? What happens to the standard of living?
c.   4 percent? What happens to the standard of living?
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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#2
9 years ago
No problemo Happy Dummy
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