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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 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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91385919

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