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Assume the Real U

Question 29

Multiple Choice

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.By using the formula real GDP ÷ population,we can calculate the GDP per capita in each year and then determine the change from 1998 to 2000.The 1998 real GDP per capita was $27,970 and the 2000 real GDP per capita was $35,714,which indicates an increase.

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