If our GDP triples,our GDP deflator stays the same,and our population doubles,our real per capital GDP will

Name: If our GDP triples,our GDP deflator stays the same,and our population doubles,our real per capital GDP will
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Question

Quizplus · Accepted Answer

Real GDP is calculated by dividing nominal GDP by the GDP deflator. Since the GDP deflator stays the same, the real GDP triples. With the population doubling, real GDP per capita is the real GDP divided by the population, which results in a 50% increase.

If Our GDP Triples,our GDP Deflator Stays the Same,and Our