If output growth exceeds population growth for a country,then:
A) Average living standards will increase.
B) GDP must have grown at a very rapid rate.
C) Per capita GDP will decrease.
D) This country must have overcome the problem of scarcity.
Correct Answer:
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Q22: Suppose during a year an economy produces
Q23: Per capita GDP will always rise when:
A)
Q24: Suppose during a year an economy produces
Q25: Which of the following components of consumer
Q26: Economic growth implies that:
A) Prices have risen.
B)
Q28: On average,U.S.real GDP has grown roughly _
Q29: Ceteris paribus,economic growth involves an:
A) Increase in
Q30: When comparing GDP per capita globally,which list
Q31: Which of the following is included in
Q32: According to your textbook,which of the following
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