If the rate of growth of output per capita is 8% and the rate of growth of population is 2%, what is the rate of growth of output?
A) 4%
B) 6%
C) 8%
D) 10%
Correct Answer:
Verified
Q24: Suppose that real GDP per capita of
Q25: Suppose that GDP of a small tropical
Q26: To assess changes in average standards of
Q27: Suppose a country's potential level of real
Q28: Which of the following equations is correct?
A)
Q30: All else constant, if real GDP doubles
Q31: If population increases at an average rate
Q32: If population increases at an average rate
Q33: All else constant, if a nation's potential
Q34: The rate of economic growth per capita
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