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Brayden Salomon
on Oct 13, 2024

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If our GDP rises by 50 percent,our GDP deflator doubles,and our population stays the same,our real per capita GDP will

A) Decline by 75 percent
B) Decline by 50 percent
C) Decline by 25 percent
D) Stay exactly the same
E) Rise by 25 percent

GDP Deflator

The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy, acting as a gauge of inflation.

Real Per Capita GDP

The measure of a country's economic output that accounts for its number of people and adjusts for inflation, indicating the average economic well-being of its citizens.

  • Contrast nominal Gross Domestic Product with real Gross Domestic Product, gaining an understanding of the effects of their respective changes.
  • Acquire knowledge on how inflation and economic development affect real GDP per capita.
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matthew donyegroOct 15, 2024
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