If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?

Related Mcqs:

The opportunity cost of growth is ?

A. a reduction in current investment B. a reduction in current consumption C. a reduction in taxes D. a reduction in current saving...

Which of the following statements is true ?

A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time C. Countries may have different level of GDP/person but they … Which of the following statements is true ?Read More...

Thomas Malthus argued that ?

A. none of these answers B. an ever-increasing population is constrained only by the food supply resulting in chronic faminies C. technological progress will continuously generate improvement in productivity and living standards. D. labor is the only true factor of production...

If a production function exhibits constant returns to scale ?

A. doubling all of the inputs more than doubles output due to the catch-up effect B. doubling all of the inputs has absolutely no impact on output because output is constant C. doubling all of the inputs less than doubles output due to diminishing returns D. doubling all of the input’s doubles output...

Which of the following statements regarding the impact of population growth on productivity is true ?

A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity B. All of these answers C. Rapid population growth may dilute the capital stock lowering productivity D. Rapid population growth may promote technological progress increasing productivity....