<p>$$\ GDP\;Per\;Capita = \frac{GDP}{Population} $$</p>

<p>From this, we know that any growth in GDP Per Capita can be described as follows:</p>

<p>$$\ \frac{\Delta GDP}{\Delta Population} \times 100\% = GDP\;Per\;Capita\;Growth\;\%$$</p>

<p>For example, in case <strong>B</strong> : 
3% Population Growth and 5% Real GDP Growth:</p>

<p>$$\  GDP\;Per\;Capita\;Growth\;\% = \frac{1.05}{1.03} \times 100\% = 101.94\%$$</p>

<p>Which, thus, has a growth of 1.94% and is the answer to your example.</p>

CC BY-SA 3.0
2017-01-23T11:29:09.840Z
2017-01-23T11:29:09.840Z
Joshua Chin
<p>. In 2012, the imaginary nation of Platland had a population of 10,000 and real
GDP of 42,000,000. During the year its real GDP per person grew by about
1.94%. Which of the following sets of growth rates is consistent with this growth
in real GDP per person?
a. 3% population growth and 4% real GDP growth
b. 3% population growth and 5% real GDP growth
c. 6% population growth and 4% real GDP growth
d. 6% population growth and 5% real GDP growth</p>

<gdp>
Help please, I cant work out this equation
tarshie
# Help please, I cant work out this equation

(Asked by: username_0 on 2017-01-23)

. In 2012, the imaginary nation of Platland had a population of 10,000 and real
GDP of 42,000,000. During the year its real GDP per person grew by about
1.94%. Which of the following sets of growth rates is consistent with this growth
in real GDP per person?
a. 3% population growth and 4% real GDP growth
b. 3% population growth and 5% real GDP growth
c. 6% population growth and 4% real GDP growth
d. 6% population growth and 5% real GDP growth

**Tags:** gdp


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## 1 answers

### Answer by username_1 on 2017-01-23. Score: 1

$$\ GDP\;Per\;Capita = \frac{GDP}{Population} $$

From this, we know that any growth in GDP Per Capita can be described as follows:

$$\ \frac{\Delta GDP}{\Delta Population} \times 100\% = GDP\;Per\;Capita\;Growth\;\%$$

For example, in case **B** :
3% Population Growth and 5% Real GDP Growth:

$$\ GDP\;Per\;Capita\;Growth\;\% = \frac{1.05}{1.03} \times 100\% = 101.94\%$$

Which, thus, has a growth of 1.94% and is the answer to your example.


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