Year Nominal GDP Price Level Population 2011 $3,000 $100 5 2014 $8,000 $200 10 35. (Table: Per Capita GDP) Examine the table Per Capita GDP. If 2011 is the base year, per capita real GDP in 2011 is: A) $300 B) $600. C) $30. D) $400.
Year Nominal GDP Price Level Population 2011 $3,000 $100 5 2014 $8,000 $200 10 35. (Table: Per Capita GDP) Examine the table Per Capita GDP. If 2011 is the base year, per capita real GDP in 2011 is: A) $300 B) $600. C) $30. D) $400.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
|
Year |
Nominal |
Price Level |
Population |
|
2011 |
$3,000 |
$100 |
5 |
|
2014 |
$8,000 |
$200 |
10 |
|
35. |
(Table: Per Capita GDP) Examine the table Per Capita GDP. If 2011 is the base year, per capita real GDP in 2011 is: |
|
|
|
A) |
$300 |
|
|
B) |
$600. |
|
|
C) |
$30. |
|
|
D) |
$400. |
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