Assume the Total Real Output of a Developing Country Increases

question 190

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.

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Definitions:

Prefrontal Lobotomy

A surgical procedure, once used to treat mental disorders, that involved severing connections in the brain's prefrontal lobe.

Nobel Prize

A prestigious international award given annually in several categories including Physics, Chemistry, Medicine, Literature, Peace, and Economic Sciences, recognized for outstanding contributions in these fields.

Trephining

A surgical intervention where a hole is drilled or scraped into the human skull, historically done for medical and ritualistic reasons.

Psychosurgery

A surgical operation on the brain intended to relieve severe mental disorders.