Assume a DVC Has a Real Per Capita Output of $1,000

question 103

Multiple Choice

Assume a DVC has a real per capita output of $1,000 as compared to $20,000 for an IAC. If both nations realize a 4 percent growth of their real per capita outputs, after one year the absolute real per capita output gap will

• A)remain unchanged at $19,000.
• B)increase by $760.
• C)decrease by $1,000.
• D)increase by $19,760.

---

Definitions:

1858 Senatorial Campaign

Notable for the series of seven debates between Abraham Lincoln, the Republican candidate, and Stephen A. Douglas, the Democratic nominee, focusing on the issue of slavery in America.

Wealthy Easterner

An individual, often described in historical or cultural contexts, who resides in the eastern part of the United States and possesses significant wealth or social status.

Political Track

A course of action or strategy employed in the domain of politics, often referring to a specific policy or series of political maneuvers.

Union Side

The Union Side refers to the northern states of the United States during the American Civil War, which fought against the seceding Confederate states to preserve the Union.