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
Chapter16: Economic Growth
Section: Chapter Questions
Problem 12E
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51b39b39-8e28-4c91-ab74-bd85acc5eda4%2F071e83ff-254f-4f04-b9e4-b30be8ca3c48%2F8akxvn_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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