Suppose that the following occurred in two countries during the past decade. Country A, real Gross Domestic Product (GDP) rose 40 percent and population rose 46 percent; Country B, real Gross Domestic Product (GDP) increased 80 percent and population increased 75 percent. Based on this information, which is true?
A) Both countries have experienced growth in per capita real Gross Domestic Product (GDP) .
B) Neither country has experienced growth in per capita real Gross Domestic Product (GDP) .
C) Chances for an improved standard of living are greater in Country A.
D) Only Country B has experienced growth in its per capita real Gross Domestic Product (GDP) .
Correct Answer:
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Q366: When GDP and other national income accounts
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