if a country experiences a real gdp growth rate of 1 percent and population growth of 2 percent, then the…

if a country experiences a real gdp growth rate of 1 percent and population growth of 2 percent, then the growth rate of real gdp per person is\n\n0 percent.\n\n2 percent.\n\n1 percent.\n\n-1 percent.\n\n3 percent.

if a country experiences a real gdp growth rate of 1 percent and population growth of 2 percent, then the growth rate of real gdp per person is\n\n0 percent.\n\n2 percent.\n\n1 percent.\n\n-1 percent.\n\n3 percent.

Answer

Explanation:

Step1: Use the formula for real GDP per person growth rate

The formula for the growth rate of real GDP per person is (g_{y}=g_{Y}-g_{N}), where (g_{y}) is the growth rate of real GDP per person, (g_{Y}) is the growth rate of real GDP, and (g_{N}) is the population growth rate.

Step2: Substitute the given values into the formula

Given (g_{Y} = 1%) and (g_{N}=2%), we substitute these values into the formula: (g_{y}=1% - 2%)

Step3: Calculate the result

(g_{y}=- 1%)

Answer:

-1 percent.