Economics (AS & A Level) · Oct / Nov 2024 · Paper 33 · Question 27

During a year, a country's national income in money terms increased by 5%, prices increased by 4% and the total population increased by 2%. What was the approximate change in real income per head?

1. Aa decrease of 1%
2. Ba decrease of 2%
3. Can increase of 1%
4. Dan increase of 2%

As printed in the paper