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skelet666 [1.2K]
3 years ago
14

Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul

ation grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person?
a. It more than doubled.
b. It increased, but it less than doubled.
c. it was unchanged.
d. It decreased.
Business
1 answer:
Annette [7]3 years ago
6 0

Answer:

B. It increased, but it less than doubled

Explanation:

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The correct option is SUBSTITUTE GOOD.
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Price level stability necessitates intelligent management or regulation of which of?
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