Q28 · Practice questionComplex familiar1 mark
QUESTION 28
Real GDP rises by 3% while population rises by 4%. Real GDP per capita
(A)
rises by 1%.
(B)
falls by approximately 0.96%.
(C)
falls by 4%.
(D)
rises by 7%.
WORKED SOLUTION
1 markAnswer B
Answer
B
Working
The per-person ratio changes by (1.03/1.04 − 1) × 100 = −0.9615%. Rising total output does not by itself mean more output per person.
Marking criteria
- Select B. [1 mark]
Practice question aligned to the current QCAA syllabus; review the worked solution and marking criteria.
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