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Which of the following would represent the fastest annual growth?
a) An increase in real GDP per capita of 3%
b) An increase in real GDP of 6% and population growth of 4%
c) An increase in real GDP of 2% and population decline of 1%
d) An increase in real GDP of 5% and population growth of 1%

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karsonmckinney
I think the answer to this question will be C

The option that represents the fastest annual growth is an increase in real GDP of 5% and population growth of 1%

Gross domestic product is the total quantity of final products that a country produces in a given period.  

The equation that can be used to determine the value of gross domestic product using the expenditure approach : consumption spending + investment spending + government spending + net export

There are two types of gross domestic product:

  1. Real GDP: it is the value of GDP adjusted for inflation.
  2. Nominal GDP: it is the value of GDP calculated using current year prices. It has not been adjusted for inflation.

Real GDP per capita is calculated by dividing real GDP growth by population growth

Real GDP per capita = increase in real GDP / population growth

The option with the fastest annual growth is the option with the highest real GDP per capita

a. real GDP per capita = 3%

b. real GDP per capita = 6% / 4% = 1.5%

c. real GDP per capita = 2% / 1% = 2%

d. real GDP per capita = 5% / 1% = 5%

To learn more about real GDP per capita, please check: https://brainly.com/question/12175948?referrer=searchResults

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