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Loraine Loraine
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8 years ago
In 1961, real GDP totaled $575 billion and in 2011 it totaled $1,255 billion. Between 1961 and 2011, the population increased from 50 million to 100 million. Between 1961 and 2011, the standard of living based on real GDP per person
A) increased from $11,500 to $12,550.
B) increased by over 300 percent.
C) increased by about 118 percent.
D) decreased from $125,500 to $28,750.
E) decreased by 9 percent.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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