Which of the following describes the growth in real GDP per person in Australia from 1901 to 2016?
A) It has decreased more times than it has increased.
B) It has increased by more than five times.
C) It has doubled.
D) Nominal GDP has increased but real GDP has slowly decreased.
Correct Answer:
Verified
Q9: If GDP grew 3% in 2015, 2.8%
Q10: Which of the following has not been
Q11: If GDP is currently $13 trillion and
Q12: If GDP grows at a rate of
Q13: 'Labour productivity' is the quantity of:
A)output that
Q15: Over the past 100 years, economic growth
Q16: 'Long-term economic growth' is a term used
Q17: If an economy is growing at a
Q18: 'Labour productivity' will increase if the _
Q19: Suppose that real GDP for 2017 was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents