In a hypothetical economy, the rate of growth of nominal GDP is 15% per annum, the annual rate of

In a hypothetical economy, the rate of growth of nominal GDP is 15% per annum, the annual rate of growth of GDP deflator is 5%. If the population is growing at the rate of growth of 2% per annum, what will be the annual rate of growth of per capita real GDP? A. 10%

B. 3%

D. 8%

C. 7%

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