Assume That the Real Output of a Developing Nation Increases

question 200

Multiple Choice

Assume that the real output of a developing nation increases from $120 billion to $140 billion, while its population expands from 100 to 110 million. As a result, real income per capita has increased by about

• A)$56 per person.
• B)$64 per person.
• C)$72 per person.
• D)$88 per person.

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Definitions:

Age

A measure of time that an individual, object, or concept has existed, typically expressed in years.

Pearson Correlation Coefficient

A measure of the linear correlation between two variables, ranging from -1 to 1, where 1 means a perfect positive linear relationship, -1 means a perfect negative linear relationship, and 0 indicates no linear correlation.

Big-Name Stars

Well-known and popular actors or performers who can attract a large audience and significantly impact a project's success.

Gross Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time, before any deductions are made.