Table 17.1 YearReal GDPPopulation1$575 billion22 million2$580 billion24 million3$605 billion25 million4$606 billion27 millionRefer to Table 17.1. GDP per capita was the
A. Greatest in year 1.
B. Same each year.
C. Greatest in year 3.
D. Greatest in year 2.
Answer: A
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The inflation tax alters people's behavior and creates a deadweight loss. Explain
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