Suppose That Twenty-Five Years Ago a Country Had Nominal GDP

question 21

Multiple Choice

Suppose that twenty-five years ago a country had nominal GDP of $1,000,a GDP deflator of 200,and a population of 100.Today it has nominal GDP of $3,000,a GDP deflator of 400,and population of 150.What happened to the real GDP per person?

• A)It more than doubled.
• B)It increased,but it less than doubled.
• C)It was unchanged.
• D)It decreased.

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Definitions:

Young Adulthood

A stage of human development that typically covers individuals aged 20 to 40 years, characterized by the pursuit of independence, career establishment, and often starting a family.

Dyslexia

A reading disorder characterized by problems such as letter reversals, mirror reading, slow reading, and reduced comprehension (from the Greek roots dys, meaning “bad,” and lexikon, meaning “of words”).

Word Recognition

The ability to identify and understand written words accurately and efficiently.

Decoding

The process of interpreting or understanding information from coded data or a message.