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QUESTION
Suppose that twenty-five years ago a country had nominal GDP of $1,000, a GDP deflator of 200, and a population of 100.
Suppose that twenty-five years ago a country had nominal GDP of$1,000, a GDP deflator of 200, and a population of 100. Today it hasnominal GDP of $3,000, a GDP deflator of 400, and population of150. What happened to the real GDP per person?
