2308EconomicsMedium
Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about?
A$145
B$25
C$100
D$40,000
Correct answer
B. $25
Explanation
The correct answer is $25.