Question

Suppose the population of country ABC rises from 40 million to 44 million. If the country's Real GDP rises from $825 billion to $890 billion during this same period, the result is _________________ economic growth.

Answer 1

Answer: absolute economic growth but not per capita real

Explanation:

Real gross domestic product (GDP) shows the value of all the goods and services that are produced by an economy in a particular year which has been adjusted due to inflation.

Since the Real GDP has increased from $825 billion to $8990 billion, there has been absolute economic growth.

For the per capita growth, there has been a decline.