In 1959/60,real GDP totaled $244 billion and in 2013/14 it totaled $1,558 billion.Between 1959/60 and 2013/14,the population increased from 10 million to 23.5 million.Between 1959/60 and 2013/14,the standard of living based on real GDP per person
A) decreased by 9 per cent.
B) decreased from $125,500 to $28,750.
C) increased by over 400 per cent.
D) increased by about 118 per cent.
E) increased from $23,700 to $66,343.
Correct Answer:
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