Ask Question
Today, 13:51

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person?

a. It more than doubled.

b. It increased, but it less than doubled.

c. it was unchanged.

d. It decreased.

+5
Answers (1)
  1. Today, 14:13
    0
    B. It increased, but it less than doubled
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers