Which of the following statements is true?
A) If real GDP grows faster than population, the real GDP per capita will decrease.
B) If real GDP grows slower than population, the real GDP per capita will increase.
C) If real GDP and population grow at the same rate, the real GDP per capita will remain constant.
D) None of these
E) All of these
Correct Answer:
Verified
Q20: The term per capita refers to
A)the rate
Q21: Exhibit 17-2 Q22: Exhibit 17-1 Q23: If real GDP and population are both Q24: A recession that is very severe is Q26: Recessions in the United States have become Q27: In terms of the decline in real Q28: As a rule of thumb, a recession Q29: If real GDP is growing at a Q30: The most recent recession officially started in
A)December
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