If population increases,which of the following will be true?
A)GDP will increase.
B)GDP per capita will fall at a faster rate than the increase in population.
C)GDP must increase if the same standard of living is to be maintained.
D)The labor force must increase if the same standard of living is to be maintained.
E)Overall demand will increase,but per capita aggregate demand will remain constant.

Question

Quizplus · Accepted Answer

If population increases, the overall demand for goods and services will increase. In order to maintain the same standard of living, GDP must also increase to meet the increased demand. However, GDP per capita may not necessarily increase at the same rate as population growth.

If Population Increases,which of the Following Will Be True