Multiple Choice
Suppose that over the past 25 years a country's nominal GDP grew to three times its former size. In the meantime, population grew 50 percent and prices rose 100 percent. What happened to real GDP per person?
A) It more than doubled.
B) It rose, but less than doubled.
C) It did not change.
D) It fell.
Correct Answer:
Verified
Correct Answer:
Verified
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