IF GNP per capita at constant prices for Liechtenstein a microstate of 29,000 people located on the Rhine River between Switzerland and Austri is US$555 and US$560 in 2011 and 2012 respectively, the real economic growth from 2011 to 2012 is ?
Correct answer: B. 0.901%
- A. 5%
- B. 0.901%
- C. 0.090%
- D. 0.991%
Explanation
Real growth is calculated as the percentage increase in constant-price GNP: (560 − 555) ÷ 555 × 100 = 0.901%.
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