If total output increases from $100 billion to $200 billion as population increases from 100 million to 150 million, then output per person:
A)doubles.
B)increases, but by less than 100 percent.
C)remains constant.
D)decreases.

Question

Quizplus · Accepted Answer

Because of population growth, improvements in the general standard of living are measured by output per person. If total output is doubled, while the population increases by 50 percent, then the output per person and the nation's living standards will increase by less than 100 percent.

If Total Output Increases from $100 Billion to $200 Billion