According to the data in the table above,
A) real GDP grew more slowly than population between year 1 and year 2.
B) real GDP grew more rapidly than population between year 1 and year 2.
C) the standard of living worsened between year 1 and year 2.
D) the standard of living improved between year 1 and year 2.
E) as measured by real GDP per person, the standard of living remained the same between year 1 and year 2.
Correct Answer:
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Q41: According to classical growth theory, when real
Q42: Q43: If real GDP is $1,200 billion, the Q44: If real GDP increases by 6 percent Q45: The classical growth theory asserts that Q47: If an economy's growth rate of real Q48: The shape of the productivity curve reflects Q49: Which of the following lists gives factors Q50: Last year, in a nation far to Q51: Human capital is acquired![]()
A)population growth
A)only through on-the-job training.
B)through
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