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Charlie Voigts
on Nov 25, 2024

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If the real output of a DVC increases from $200 billion to $240 billion and its population increases from 100 to 110 million, its real per capita output will have

A) increased by about $182.
B) increased by about $40.
C) decreased by about $120.
D) remained unchanged.

Real Output

The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity.

Per Capita

A statistical measure that divides an aggregate by the number of individuals in a population to give an average.

  • Evaluate changes in income per capita and grasp their meaning.
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AA
Adina ArizaNov 29, 2024
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