15. Assume that the real income of a developing Island increases from $120,000 to $160,000 from 2005 to 2006, while its population expands from 1000 to 1100 during the same period. Real income per capita has increased by about a. $145. d. $100. b. $40,000. c. $25

15. Assume that the real income of a developing Island increases from $120,000 to $160,000 from 2005 to 2006, while its population expands from 1000 to 1100 during the same period. Real income per capita has increased by about a. $145. d. $100. b. $40,000. c. $25

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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15. Assume that the real income of a developing Island increases from $120,000 to
$160,000 from 2005 to 2006, while its population expands from 1000 to 1100 during the
same period. Real income per capita has increased by about
d. $100.
a. $145.
b. $40,000.
C. $25

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