If the real output of a DVC increases from $200 billion to $240 billion and its population increases from 100 to 110 million, its real per capita output will have

Question

Quizplus · Accepted Answer

Initially, the real per capita output is $200 billion / 100 million = $2000. After the changes, it is $240 billion / 110 million = approximately $2182. The increase in real per capita output is therefore about $182.

If the Real Output of a DVC Increases from $200