Assume the Total Real Income of a Developing Country Increases

question 80

Multiple Choice

Assume the total real income 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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