Suppose That Twenty-Five Years Ago a Country Had Nominal GDP

question 21

Multiple Choice

Suppose that twenty-five years ago a country had nominal GDP of $1,000,a GDP deflator of 200,and a population of 100.Today it has nominal GDP of $3,000,a GDP deflator of 400,and population of 150.What happened to the real GDP per person?

• A)It more than doubled.
• B)It increased,but it less than doubled.
• C)It was unchanged.
• D)It decreased.

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Definitions:

Socioemotional Selectivity Theory

A theory suggesting that as people age, they shift their social goals towards more emotionally meaningful experiences and relationships.

Aversive Cognitive Distortions

Negative thought patterns that can contribute to emotional distress, viewing situations in a more harmful light than they actually are.

Reflective Ruminations

Deep or considered thought about one's feelings and actions, often with a focus on improvements or understanding.

Disengagement Theory

A theory that suggests aging naturally involves a gradual withdrawal from social and interpersonal relationships and responsibilities.