Given that Pakistan's real GDP per capita was Rs18,073 in 2004 and increased to Rs18,635 in 2005, what is the percentage growth rate of real output per person during this period?

Choose the correct answer

Explanation

To find the growth rate, use the formula: ((18,635 - 18,073) / 18,073) × 100 = 3.1%. Therefore, the correct answer is 3.1%.

Given that Pakistan's real GDP per capita was Rs18,0… — Comparative GDP | PakQuizHub