Assume the real U.S.GDP in 1929 was $942 billion and the U.S.population was 122 million,and the real U.S.GDP in 1930 was $858 billion and the U.S.population was 123 million.From 1929 to 1930,the per capita real GDP
A)Remained unchanged.
B)Decreased.
C)Increased.

Question

Quizplus · Accepted Answer

Per capita real GDP is calculated by dividing the real GDP by the population. 
In 1929, per capita real GDP = $942 billion / 122 million = $7,704.
In 1930, per capita real GDP = $858 billion / 123 million = $6,976. 
Therefore, per capita real GDP decreased from 1929 to 1930.

Assume the Real U