Urgent doubt in eco

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suppose india's GDP increased at an annual average rate of 6.6% during the tenth plan,presuming that the growth rate of population is 2% p.a; percapita income would increase at an annual average rate of __________

a)3.3%

b)4.6%

c)6.6%

d)2%

 

 and the book ans is 4.6%.how it is calculated????

Replies (1)

yes I think 4.6% is correct 106.6/102 = 1.0451

from one (100/100) incresed to 1.045 hence increase % =(1.0451-1)/1 =4.51% 

choose result 4.6%


CCI Pro

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