Suppose the Real GDP in an Economy in the Year

Suppose the real GDP in an economy in the year 1999 was $2, 000 and the total population was 500.The economy experienced a 5% growth in real GDP and a 2% growth in its population in 2000.Calculate the change in per capita income of the economy during this period.

A) +1%
B) +2.5%
C) -3%
D) +3%
E) -4%