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Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew by 40 percent and prices rose by 100 percent. What happened to
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Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population 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.

User Hamza AZIZ
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Answer:

B. It increased, but it less than doubled

Step-by-step explanation:

User PandaPlaysAll
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