To assess changes in average standards of living,
A) we examine the difference between the percentage rate of growth of output per capita and the percentage rate of growth of population.
B) we subtract the percentage rate of growth of population from the percentage rate of growth of output per capita to get the percentage rate of growth of output.
C) we subtract the percentage rate of growth of population from the percentage rate of growth of output to get the percentage rate of growth of output per capita.
D) we divide the percentage rate of growth of output by the percentage rate of growth of population to get the percentage rate of growth of output per capita.
Correct Answer:
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Q21: If the rate of growth of output
Q22: Holding all else constant, a country's standard
Q23: Suppose that real GDP per capita of
Q24: Suppose that real GDP per capita of
Q25: Suppose that GDP of a small tropical
Q27: Suppose a country's potential level of real
Q28: Which of the following equations is correct?
A)
Q29: If the rate of growth of output
Q30: All else constant, if real GDP doubles
Q31: If population increases at an average rate
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