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Assume that the real GDP of a developing nation increases from $120 billion to $140 billion while its population expands from 100 to 110 million. As a result, real GDP per capita has increased by about _____. rev: 04_09_2018 Multiple Choice 1. $56 per person 2. $64 per person 3. $72 per person4. $88 per person.

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Answer:

3. $72 per person

Explanation:

Formula for calculating GDP per capita = GDP/population.

Therefore for the initial year, GDP per capita = 120 billion/10 million = $1200

For the current GDP per capita = 140 billion/110million = $1272.72

Therefore, increase per capital increased by 1272.72 - 1200

= $72.72.

Calculations show more clearly in the attachment.

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