(Answered) During a presidential campaign the incumbent argues that he

Management Studies

During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during his 4-year term in office. You know that population grew by 4 percent over the period and that the GDP deflator increased by 6 percent during the past 4 years. You should conclude that real GDP per person.

grew by 2%
grew by 6%
grew by 8%
grew by 12%

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