QUESTION 43 In India last year the growth rate of real GDP w

QUESTION 43 In India last year, the growth rate of real GDP was 3.5 percent and the population grew from 1 GDP per person O decreased by 13.5 percent. o decreased by 6.5 percent O increased by 6.5 percent o increased by 3.5 percent o increased by 13.5 percent QUESTION 44 Compact discs (millions per year)

Solution

Find the increase in population in percentage

% increase in population = (1100 - 1000)*100/1000 = 10%.

Now real GDP increased by 3.5 percent while population increased by 10 percent. Hence the real GDP per person actually experiences a negative growth and it is given by 3.5% - 10% = -6.5%

Correct choice is therefore decreased by 6.5 percent