If the Real Output of a DVC Increases from $200

question 237

Multiple Choice

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 120 million, its real per capita output will have

• A) remained unchanged.
• B) increased by about $167.
• C) increased by about $55.
• D) decreased by about $20.

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Definitions:

Economic Resources

Inputs used in the production of goods and services, often categorized into labor, capital, land, and entrepreneurship.

Economy Experiencing

A term that may refer to the current state or conditions of an economy, including growth, recession, or stability, but does not represent a standard economic term.

Business Firms

Entities that engage in commercial, industrial, or professional activities, either for profit or non-profit objectives.

Unemployment Rate

The quantification of jobless individuals in the labor force who are earnestly seeking employment.