A nation's real GDP was $250 billion in Year 1 and $265 billion in Year 2. Its population was 120 million in Year 1 and 100 million in Year 2. What is its real GDP per capita in Year 2

$2,650 per person

Explanation:

Real GDP refers to the measure of the GDP of a country that has been adjusted due to inflation. Based on the information given in the question, the real GDP per capita in Year 2 will be:

Real GDP per capita will be:

= real gdp / population

=265 billion / 100 million

= 2650

Therefore, the real GDP per capita in Year 2 is $2,650 per person.

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