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pearfish926Lv1
11 Jul 2018
During an election campaign, the incumbent argues that he should be reelected because GDP grew by 12% during his term in office. You know that the population grew by 4% over the period and that the GDP deflator increased from 100 to 108 during the past 4 years. You should conclude that:
A. real GDP per person grew by 12% during the term.
B. real GDP per person grew by 8% during the term.
C. real GDP per person was unchanged during the term.
D. real GDP per person decreased by 4% during the term.
During an election campaign, the incumbent argues that he should be reelected because GDP grew by 12% during his term in office. You know that the population grew by 4% over the period and that the GDP deflator increased from 100 to 108 during the past 4 years. You should conclude that:
A. real GDP per person grew by 12% during the term.
B. real GDP per person grew by 8% during the term.
C. real GDP per person was unchanged during the term.
D. real GDP per person decreased by 4% during the term.
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