In Pakistan, real GDP per person was Rs 18,073 in 2004 and Rs 18,635 in 2005. What was the growth rate of real output per person over this period?
Correct answer C. 3.1 percent
Explanation
The growth rate is (18,635 minus 18,073) divided by 18,073, which is 562 / 18,073, about 0.031, or 3.1 per cent.
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