Assume the total real income of a developing country increases from $8.5 billion to $8.5 billion, while its population expands from 14 to 15 million people from one year to the next. Over the year, per capita income has decreased by about $5 per person.   increased by about $1 per person.   decreased by about $46 per person.   increased by about $500 per person.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Assume the total real income of a developing country increases from $8.5 billion to $8.5 billion, while its population expands from 14 to 15 million people from one year to the next. Over the year, per capita income has

  • decreased by about $5 per person.
  •  
    increased by about $1 per person.
  •  
    decreased by about $46 per person.
  •  
    increased by about $500 per person.
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