The population in the current year is 31.5 million and the real gdp is $814 million. the previous year's statistics were a population of 31 million and a real gdp of $800 million. the change in the standard of living, measured by growth in real gdp per person, is /

The change in the standard of living, measured by growth in real GDP per person, is 0.1356%

Step-by-step explanation:

Given,

In the current year,

Population = 31.5 million,

Real GDP = $814 million,

So, the real GDP per person = ≈ 25.841

In the previous year,

Population = 31 million,

Real GDP = $800 million,

So, the real GDP per person = ≈  25.806

Hence, change percentage =

≈ 0.1356 %

the answer is:

the answer is:

to solve the problem, we need to remember the quotient of power property, it's defined by the following relation:

if we have a quotienf of powers that have the same base, we need to keep the same base and subtract the exponent of the denominator power to the exponent of the numerator power.

so, we are given the expression:

then, calculating we have:

hence, the answer is:

have a nice day!