Assume the Total Real Output of a Developing Country Increases

Multiple Choice

Assume the total real output of a developing country increases from $8 billion to $8.2 billion while its population expands from 14 to 15 million people from one year to the next. Over the year, per capita income has:

A) Increased by $25 per person
B) Decreased by $25 per person
C) Increased by $533 per person
D) Decreased by $533 per person