If the Real GDP of a DVC Increases from $600

question 199

Multiple Choice

If the real GDP of a DVC increases from $600 billion to $630 billion and its population increases from 200 million to 216 million, its real per capita GDP will

• A) increase by about $83.
• B) decrease by about $83.
• C) remained unchanged.
• D) decrease by about $19.

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Definitions:

American Dream Composite Index

An index that measures the sentiment and overall well-being of U.S. citizens in terms of economic, social, and physical aspects.

Angel Investors

Wealthy individuals who provide capital to startups in exchange for ownership equity or convertible debt.

Crowdfunding Backers

Individuals or entities that financially support a project or venture presented on a crowdfunding platform, often in exchange for rewards or equity.

Crowdfunding

The approach of obtaining financing for a venture or project by soliciting small donations from a broad audience, predominantly over the internet.