If population increases,which of the following must be true?
A)GDP will increase.
B)GDP per capita will fall.
C)GDP must increase if the same standard of living is to be maintained.
D)The labor force must increase if the same standard of living is to be maintained.
E)Overall demand increases,but per capita aggregate demand remains constant.

Question

Quizplus · Accepted Answer

If the population increases and the same standard of living is to be maintained, GDP must increase to provide the same level of goods and services per person.

If Population Increases,which of the Following Must Be True