M Difficulty 1 Section 5 145 Suppose That Over The Last Twentyfive Years A Count 1

TYPE: M DIFFICULTY: 1 SECTION: 5.5 145. Suppose that over the last twentyfive years a country”s nominal GDP grew to three times its former size. In the meantime Population grew 50 percent and prices rose 100 percent. What happened to real GDP per person? A. It more than doubled. B. It rose, but less than doubled. C. It was unchanged. D. It fell.

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