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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 ?

/ Characteristics and Institutions of Developing Countries, Economics Mcqs / By
Assume that the real income of develog 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. $40,000
C. $25
D. $100