What is the per-capita level of output

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Question: Imagine a country whose population, in year 1, is 100 people and the real value of output is $5,000. The per-capita level of output is

A) $Blank (enter dollar value, no decimals or dollar signs). Assume that between year 1 and year 5, its population has grown to 130 and the real value of its output has risen to $6,000. Over this period, this country's per-capita (i.e., per person) output has gone

B) Blank (up/down - enter number from sheet, not the word). Over time, even though the economy goes through expansions and contractions, the long run trend line of the business cycle in the United States is going

C) Blank (up/down - enter number from sheet, not the word). This phenomenon is known as economic

D) Blank.

Reference no: EM131806319

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