An increase in real per capita GDP means that
A) the size of the labor force has grown.
B) the distribution of income has become more equal.
C) the distribution of income has become less equal.
D) the amount of output per person has risen.
Correct Answer:
Verified
Q59: GDP is expressed in
A) physical units.
B) monetary
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A)
Q61: A free market system allocates scarce goods
A)
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Q63: Changes in the average standard of living
Q65: How could GDP increase without there also
Q66: What must be true in order for
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Q68: Most of the population growth of the
Q69: Which one of the following is TRUE?
A)
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