Assume that a very tiny and very poor DVC has income per capita of $300 and...
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Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. Instructions: Round your answers to the nearest whole number. a. How large is its population? 10,000 b. If its population grows by 3 percent in some year while its total income grows by 4 percent, what will be its new income per capita rounded to full dollars? c. If the population had not grown during the year, what would have been its income per capita? $ Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. Instructions: Round your answers to the nearest whole number. a. How large is its population? 10,000 b. If its population grows by 3 percent in some year while its total income grows by 4 percent, what will be its new income per capita rounded to full dollars? c. If the population had not grown during the year, what would have been its income per capita? $
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