If living standards in a country, as measured by output per person, increase, then total output must have:
A) increased more rapidly than population increased.
B) increased at the same rate that population increased.
C) increased more slowly than population increased.
D) decreased more rapidly than population decreased.
Correct Answer:
Verified
Q13: When comparing the standard of living in
Q14: If total output increases from $1 trillion
Q15: If total output increases from $1 trillion
Q16: ALL of the following describe economic conditions
Q17: Macroeconomics first developed as a new subfield
Q19: Macroeconomic policies are government policies designed to
Q20: Since 1950, the standard of living in
Q21: Output per worker must be _ output
Q22: Average labor productivity equals:
A)average production per year.
B)total
Q23: The value of output was $1,000 billion
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