If living standards in a country, as measured by output per person, decrease, 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 slowly than population decreased.
Correct Answer:
Verified
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
Q24: The process of steady increase in the
Q26: Output per person must be _ output
Q27: In Econland population increased from 1 million
Q28: Output per employed worker is called:
A)total output.
B)average
Q29: The country of Southland produced $2,000 billion
Q30: The value of output was $100 billion
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