Assume the real U.S.GDP in 1998 was $7,552 billion and the U.S.population was 270 million,and the real U.S.GDP in 2000 was $10 trillion and the U.S.population was 280 million.From 1998 to 2000,the per capita real GDP
A)Increased.
B)Decreased.
C)Remained unchanged.
D)Increased then decreased.

Question

Quizplus · Accepted Answer

Per capita real GDP is calculated by dividing the real GDP by the population. In 1998, the per capita real GDP was $27,985.19 ($7,552 billion/270 million). In 2000, the per capita real GDP was $35,714.29 ($10 trillion/280 million). Therefore, the per capita real GDP increased from 1998 to 2000.

Assume the Real U