Last year real GDP in Oceania was 561.0 billion and the population was 2.2 million. The year before real GDP was 500.0 billion and the population was 2.0 million. What was the approximate growth rate of real GDP per person?
a. 12 percent
b. 10 percent
c. 4 percent
d. 2 percent
Answer: D
Macroeconomics
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