Suppose hat 25 yean ago a country had nomunai GDP of 1000, a GDP deflator of 200, and a population of 100 Today, that country has a nominal GDP of 3000, a deflator of 400, and apopulation of 150 What happeted to the real GDP per person?O roe, but less than doubledOa did net changeO ct more than doubled

Suppose that 25 yean ago a country had nominai GDP of 1000, a GDP deflator of 200, an opulation of 150 What happened to the real GDP per person? Oh roe, but less than doubled h did not change Oct more than doubled

Suppose that 25 yean ago a country had nominai GDP of 1000, a GDP deflator of 200, an opulation of 150 What happened to the real GDP per person? Oh roe, but less than doubled h did not change Oct more than doubled

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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Question

Suppose hat 25 yean ago a country had nomunai GDP of 1000, a GDP deflator of 200, and a population of 100 Today, that country has a nominal GDP of 3000, a deflator of 400, and a
population of 150 What happeted to the real GDP per person?
O roe, but less than doubled
Oa did net change
O ct more than doubled

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