In 2009, U.S. real GDP decreased by 3 percent and the population grew by 1 percent. Thus, real GDP per person
A) increased 4 percent.
B) decreased 4 percent.
C) decreased 3 percent.
D) increased 2 percent.
E) decreased 2 percent.
Correct Answer:
Verified
Q142: Labor productivity equals
A)real GDP divided by the
Q143: If aggregate hours are 100 billion hours
Q144: Expansion of a nation's human capital can
Q145: Activities that encourage faster growth are
A)imposing trade
Q146: If Country A's real GDP is growing
Q147: Classical growth theory predicts
A)real GDP per person
Q149: The widespread adoption of computers in the
Q150: According to the law of diminishing returns,
Q151: Countries that enjoy economic growth
A)have property rights
Q152: The economic growth rate is expressed as
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