When production in an economy grows more quickly than the population in that economy,which of the following must be occurring?

Question

Quizplus · Accepted Answer

When production in an economy grows more quickly than the population in that economy, it means real GDP is growing faster than the population. This results in an increase in real GDP per capita, which translates into higher living standards. Therefore, option C is the correct answer.

When Production in an Economy Grows More Quickly Than the Population