In order for society to have a rising standard of living,output must grow:
A)at a slower rate than the labor force.
B)at the same rate as the population.
C)faster than the population.
D)at a slower rate than the population.
E)at a slower rate than infrastructure.

Question

Quizplus · Accepted Answer

In order to have a rising standard of living, the output must grow faster than the population. This means that there must be an increase in productivity and efficiency, which will allow for more goods and services to be produced per person. If output grows at the same rate as the population, there will be no improvement in the standard of living. If output grows at a slower rate than the population, there will be a decline in the standard of living. Therefore, the best choice is C.

In Order for Society to Have a Rising Standard of Living,output